Yep, it makes no sense for the market to align Slx's value with the spot uranium price. Gle can and may decide to kick off Paducah by starting with leu, Silex has said as much. In that case they would sell Swu's not Uf6. The bigger the gap between uranium and the Swu price the better and the Swu price is sky high. To me the share price should be tracking technical development risk. I reckon the next step in reducing risk is the test loop moving from "commissioning" to "enrichment testing". A much bigger step would of course be succesfully completing enrichment testing. A flat or falling spot uranium price whilst the swu price remains high seems almost irrelevant to current risk as far as I'm concerned.
SLX Price at posting:
$4.42 Sentiment: Hold Disclosure: Held
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