IMO You should be more conservative and aim for COGS ~34p/lb,...

IMO You should be more conservative and aim for COGS ~34p/lb, with initial output towards the mid to low 3M lbs. Profit won’t come until debt has been reduced significantly, which will be compounded when and if fresh equity gets raised for a restart. The timing of this could add another layer of risk premium as other big players resume and ramp up supply to meet the potential supply shortfalls. Also bear in mind that the biggest customer of U is the US and they already have allies like Canada and Australia that will supply them, in addition to the output that could be produced from the 150m per year US gov investment in the U sector over the next 10 years. One has to wonder how much U supply the Chinese will have consolidated over the last 5 years. CNNC still owns 25% of this so any increased stake could come under fire with aus gov scrutinising every takeover.

The main thing I still can’t figure out is how the slow down in the global economy will impact the demand for electricity and what portion of nuclear power will be affected by this.

There is a long line of people waiting to make money from this and as the hierarchy goes, shareholders are last.

This was a great buy at under .05 but the higher it climbs the more pressure on SP based on above factors. Also, this assumes that current PDN management can execute this restart flawlessly, which adds another layer of risk.

Perhaps that’s why an order for 10M just got sold at .10.

Either way I hope this goes to the moon for everyone.

Gltah and dyor