We also need to remember that Cameco's option to increase its...

We also need to remember that Cameco's option to increase its interest in GLE is based on the market value of GLE. I assume that market valuation of GLE will be based in part on the U308 spot and term contract prices.

The recently announced increases in production by Cameco will be a factor in driving the spot price lower but there also been a lot of news about new exploration and producers reopening old mines which will be a response to last years increase in prices. Any new supply will put downward pressure on spot prices.

Cameco's recent decision to increase supply may have been intended disincentive other producers from restarting shuttered mines or bringing new mines to market. It could also benefit Cameco if they intend to exercise their option to acquire an increased interest in GLE once TRL6 has been achieved.

I guess its going to be rocky ride until the market starts to understand how the recent decsion of the US Goverment and market participants are going to playout. Long term I only see upside for Silex and the innovative technology they have been developing but that's just my opinion.

DYOR