from reading the latest presentation SLX state they can produce 5 mill pounds a year for 30 years (so around 150 mill pounds).
let’s say hypothetically this costs them $50 a pound to do (highly unlikely and probably a fraction of this).
that means that right now the future production is worth approximately 3.75 billion. Is it reasonable to think our market cap may reflect half of that in the short term based on what’s going on in the uranium market? What if uranium goes back to 2006 prices? What if someone just buys Slx prior based on the need to secure supply.
all my thoughts and musings - not advice and I’m probably very wrong.
from reading the latest presentation SLX state they can produce...
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Last
$5.97 |
Change
0.150(2.58%) |
Mkt cap ! $1.413B | |||
| Open | High | Low | Value | Volume |
| $5.89 | $5.99 | $5.69 | $4.527M | 770.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $5.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.99 | 2938 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$5.96 |
Change
0.150 ( 2.77 %) |
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| Open | High | Low | Volume | ||
| $5.89 | $6.00 | $5.69 | 105219 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| SLX (ASX) Chart |