Hi Rennis, and others interested in the key comments from the...

Hi Rennis, and others interested in the key comments from the Silex Submission, see below.
I am not a regular poster but a (very) long term holder that broke one of the most important rules i.e. "Don't fall in love with a stock".

HotFrank
(Still in love)
---------------------

Extracts From:

Silex Systems Ltd – Submission to the Nuclear Fuel Cycle Royal Commission
Dr Michael Goldsworthy, CEO / Managing Director

P3.
On the issue of access to enrichment technology for a future South Australian-based
enrichment industry, there are effectively only two technology options available today:
second generation gas centrifuge, which provides all of the current global capacity; and third
generation laser-based technology, of which the SILEX Technology is the only known
surviving laser enrichment process after decades of attempts by many countries since the
1970’s [10].
The SILEX Technology is in the final phase of commercialisation after more than twenty
years of research and development, both at Silex Systems’ Lucas Heights technology
facility, and at GLE’s Test Loop demonstration facility in Wilmington, North Carolina in the

1. For further details on the development program, refer to Appendix 1.

P10. (Appendix 1)
The two methods of uranium enrichment used to date have been the now obsolete Gaseous
Diffusion (first generation) and Gas Centrifuge (second generation) – which currently
provides all of today’s enrichment capacity. The third generation laser-based SILEX process
provides much higher enrichment efficiency compared to these earlier methods, offering
significantly lower costs, particularly capital costs. GLE and Silex estimate that a SILEX laser
enrichment plant may cost approximately half as much as a gas centrifuge enrichment plant
of the same capacity.

2.3 The SILEX Technology
The SILEX Technology is a unique laser-based process that has the potential to efficiently
separate uranium isotopes as well as other various elements. The SILEX Technology has a
number of potential advantages over other uranium enrichment processes including:

• Breakthrough in efficiency – most cost effective enrichment method;
• Smaller footprint than centrifuge and diffusion plants – possibly a quarter of the

footprint of an equivalent sized centrifuge plant; and

• Anticipated to have the lowest capital costs of all enrichment technologies.

Significantly, the SILEX Technology is the only third generation laser-based uranium
enrichment technology under development in the world, after several major laser enrichment
programs were conducted around the world and abandoned in the 1970’s to 1990’s.