Cameco, page-56

Hey s33k3r (love the name)

I havent spent too much time worrying about this

I personally think that Cameco purchasing another 1/4 of GLE will fund Silex's share (which will be 25% if this occurs) of the development cost of the Paducah re-enrichment plant. In fact I think the deal was designed that way.

I think the purchase amount will be between $250 and $400 million $US.

I expect the plant to cost 1.5 - 1.8 Billion $US.

That makes Silex share of construction cost to be $375m - $450m $US

Its worth rememberimg that Silex really hasnt paid anything for the 50% of GLE it owns currently. (Development costs aside.) There are some small payments to.be made if and when Silex is in production but thats it. They never intended to own any of GLE. They were planning on simply receiving royalties, so I see owning some of GLE aa a bonus.

Lets see how those estimations hold up over time. Its going to be an exciting year

Bocky71
MGAS