Look at the bid, page-10

If this deal goes ahead with Cameco, then what Silex will have is by far a much better deal than they first had with GE/GEH, where they were being licensed by GEH to use the laser process to re enrich RepU and in the same process also enrich mined Uranium U235 , for which SLX would have received a royalty somewhere between 7% to 12% depending on how the efficiencies worked out?
Working with UNF would not have been easy, it would have required specialized handling methods and due to that fact alone would have been a much slower and also something much more dangerous in the process.

The new arrangements with Cameco in purchasing GLE would mean they were not working with used nuclear fuel, unless you wanted to call the tails that? but this presents a far safer system than the agreement they had with GEH, they will get the same royalties and they will also own 25% of the company, what's not to like about that?
I don't believe conventional centrifuge tech will be able to compete with the laser enrichment process, GLE may end up being a monopoly of sorts in the domestic enrichment game, purely because of the efficiencies gained and the amount of product produced and for less as well.

They will also be getting royalties from IQE for the use of the Translucent IP on CREO stuff, which in itself going forward may be substantial.

They are also working on a new development called Stable Isotopes, that may also end up being a game changer as well.

Put all of that together and I see Silex being in a far better position than when it was priced around $13 all those years back and much closer to delivering the royalties and also making money in it's own right, that $13 dollars way back then was just BS, there was nothing to back it up, there certainly is now though.