Today's announcement really brought home to me the potential of the assets Silex owns. The equivalent of a world top 10 uranium mine - located on US soil and producing a premium product.
If the company's plans unfold as they anticipate, eg. US govt approvals granted etc, then it's not difficult to see Silex trading at several multiples of its current valuation. That's assuming the spot uranium price continues its steady recovery and/or Silex is able to negotiate a viable contract price.
I've been following Silex closely ever since they exited their solar energy ventures. They're far more attractive as a pure uranium play imo - too many rent seekers in the renewables game.
I've built a decent SLX stake over the last 12 months and I'll be holding on to it for quite a while I expect.
Today's announcement really brought home to me the potential of...
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Last
$4.72 |
Change
-0.190(3.87%) |
Mkt cap ! $1.118B | |||
| Open | High | Low | Value | Volume |
| $4.90 | $4.90 | $4.70 | $2.180M | 457.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5484 | $4.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.72 | 4224 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| SLX (ASX) Chart |