Oct. 1 at 11:22 PM
Digging into
$SVII / SVIIW on the quality of the uranium ore. The core zone runs ~0.048% uranium, which is in line with Namibia’s world-class mines and higher than some U.S. projects already producing. The 2024 study showed it could work at ~
$90 uranium with ~
$48 costs, meaning it’s not uneconomic rock. With 32M+ lbs Indicated, it’s among the largest single deposits in the U.S.
Also interesting, is that the sponsor is giving up a big chunk of founder-shares/warrants, showing commitment & lowering dilution pressure.
Overall thoughts? Other nuclear SPACs like
$HOND,
$GSRT ,
$SMR , and
$OKLO are doing well. Commons doing well. And the HOND warrants went from pennies to $~6 and SMR warrants went to
$13 before being called. SMR NuScale (same spac team as SVII) did have one of the largest warrant increases ever though.. so that 60x return was a super rare occurrence.