My reservation about this proposed plan is, how does the US replaced the 40% Russian enrichment to the US nuclear industry overnight.New enrichment services from companies such as Centrus and GLE will take years to scale up, and if Russia preempts this plan by sanctions against the US then USA are in the pooh. Will there be waivers for existing enrichment contracts? Has the Government been dragging their feet on this legislation to allow Utilities time to enter contracts and avoid the sanctions? Maybe the Utilities have enough reserves to bridge the period from the sanctions to scale up by new domestic enrichment? Is this a Government talking tough, but really over barrel and unable to fully stop Russian services over the next 2 years? Is the Government waiting for resolution in Ukraine and will it stall longer? There are a lot more details that need to be revealed but ultimately the future is bright for uranium producers and future enrichers, medium to longer term Silex will be a winner. Just my thoughts, good luck everyone.
SLX Price at posting:
$4.57 Sentiment: Buy Disclosure: Held
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