the number that MG and SLX have had in their presentation for the $90m Royalty was said to be the equivalent of 8MSWU. This has been an area that I am unclear in, as he also said (in the AGM) that the $90m royalty is what they would expect to come from "the two grey areas" - which was the tails processes PLUS 6 MSWU of LEU production. This is what I was getting at in the AGM post I made when I backed into that the known revenue and profit that should come from tails; If tails plus 6MSWU = $90m USD royalty then Total Revenue = $1.2bn Tails Revenue = 5m lbs UF6 = $600m Tails Cost = $150m Tails Profit = $450m
if Tails revenue is $600m USD of the $1.2bn Total Revenue then it seems to me the 6MSWU revenue is undercooked though at $600m as well. Why would that be the case? I haven't been able to answer that since the AGM.
SLX Price at posting:
$5.74 Sentiment: Buy Disclosure: Held
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