I think the path to production and large scale revenue for Silex in Paducah is too attractive and more straight forward for Gle to mess around with another option at this stage.
The steps maybe something like (not necessarily in order)
-AchieveTrl 6 and lease the Doe site at Paducah.
-Sell %25 of Gle to Cameco or a third willing partner.
-Apply for facility licence.
-Apply for participation in the US gov loan guarantee program. where a loan would require Gle to fund 20% of a $2 billion tails plant.
-Use $100mill of the Gle sale for Silex's share of the required 20% to build.
-Build and start up a 2mill swu tails plant over 2 years.
- Sign forward leu supply contracts, possibly through the $2.7 billion Doe leu funding and private supply contracts.
- Build and expand a leu facility at around 1or 2mill swu/ year up to 6mill swu
-Look at Haleu again or keep expanding the Leu facility to a further 6mill swu/year.
It seems like a big list, but a lot of these steps could occur together and I think are being progressed currently.
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