Part of my original post has gone AWOL. The cost of Cameco...

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seawindpilot

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14/12/24

14:43

Post #: 77049674
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Originally posted by seawindpilot: ↑

Tails re-enrichment i do not think will be considered by the DOE when awarding LEU contracts. Therefore i am now tending to think that if Cameco take up their share entitlement the fair market value will be based primarily on only the economics of the Tails plant + a goodwill sum for the SLX exclusive licence.
I also think that the Tails plant will be producing 10 million LB per year not 5. Mg said at the agm he estimated that SLX could earn $90 million from royalties.
Double the royalty figure i have used in my tails thesis on account of the doubled output and $90mill ties in. The other reason for suggesting that the plant will double production is that that volume of UF6 is desperately needed in the very short term and tail re-enrichment is the much shorter time frame to get us there over building extra LEU facilities. Given this I speculate that the fair value will be based upon 10 Million Lb production earning $1,000,000,000,000 net per year.

NPV of 1,000,000,000,000 in 4 years time using Cameco's 2024 cost of capital = $739,308,744 Value of GLE
26% = US$ 577,400,000

s think that

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Part of my original post has gone AWOL.

The cost of Cameco capital used in the calculation is 7.81%

SLX Price at posting: $5.74 Sentiment: Buy Disclosure: Held
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