Thanks for your thoughts Seawind, I've been trying to calculate the value of output for a long time. I feel that $69/lb for our natural grade uranium produced from the tails is very light. What will the value of Uranium be in 2028? Today it is around $74 and rising what will it be in 2028, we should also add the value of the conversion as our product will be already converted for further enrichment. A utility buying uranium in 2028 will pay the price of the uranium+transport to the convertor+insurances+regulations and inspections+the cost of conversion, so what is the real value of our product. As the contract with the DOE stands now we can only enrich to natural grade, so it must then be transported to the next enricher, who will that be? Good chance it will be Silex and if everything goes to plan that will be on the same site, so lower transport and insurance costs. The payment for the last 26% of GLE will be a very complex calculation. What is the value of GLE? what is the value of PLEF 1,2,3? I think the number $286 million is light but also think it shouldn't be capitalised. Ironically I have a similar valuation in my head that you stated, it will be a big number that should get bigger every year. 2024 will be a vey exciting year for Silex.
SLX Price at posting:
$3.53 Sentiment: Buy Disclosure: Held
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