Uranium Miners and GLE are really in the business of selling...

Uranium Miners and GLE are really in the business of selling U235 but it is packaged in uranium. Some reactors need more U235 than others and therefore they enrich their fuel to 3-5% or more and in the case of CANDU reactors they can operate at natural grade .7%.

The interesting thing to me is Paducah has a storage of approx 700,000 tonnes of depleted UF6 that still contains U235, only the the centrifuge reators cannot economically extract the remaining 2-3%(not sure what the exact number is), but Silex can,that's why we have the contract to enrich the depleted tails. How much U235 is left after we re-enrich the depleted UF6 is unknown to me but I think it will be small otherwise the re-enrichment process wouldn't be economical.

We've asked MG the question of effeiciency at previous AGMs and the response has always been the same "we can't tell you for security reasons" but it is "significant". The point I am trying to make is this. The future supply/demand curve for uranium over the next decade is looking ugly for the Utilities, it looks like supply is going to struggle to meet demand by a long way if they keep building new reactors at the number they are proposing globally. Brandon Munro has said in one of his many discussions that excluding new reactors even if all the mines that are running and proposed to run over the next decade get into production without a hitch we will still be short of uranium. So with that said how do they fill the gap. They could incentivise more mine starts but the exploration should have started years ago so they will struggle on that front. OR they could get more U235 from the existing supply of uranium, that's where GLE may be able to help. Because our enrichment technology is more efficient than any other enrichment, we will produce more U235 for the same amount of uranium. Not only is the capital cost and the operating predicted to be cheaper but the level of efficiency will also drive down the Uranium costs for utilities. The utilities will always find the fuel because it is very bad business to run out of fuel for a multi billion dollar reactor, so I believe they will implement a combination of solutions and GLE should be a serious contributor.

The line from article above really excites me "massive uranium management facility.” because that's what could happen if I'm right and this scenario plays out. This is just me opinion and I maybe wrong and I would be interested to hear other opinions.