You should read the quarterly report, just published days ago.
Lightbridge just completed the construction of multiple prototype fuel rods using non-nuclear material.
They are in 12 foot lengths for the installed large water/steam reactors, and 6 foot lengths for the newer SMR type.
They will check the prototypes for a variety of things, like mechanical fitment, rigidity, etc. Assuming all is according to spec then they should be able to manufacturer the rods quickly.
All they need is their first paying customer.
About a year ago I listened to a conference call when the CFO mentioned they were working on a revenue model. It was based on a royalty model that would earn a million dollars per installed reactor per year.
That hypothetical royality was based on the estimate that the revenue to the utility per reactor would increase from ~$20M per year to $30M+ per year. The extra $10M, plus the longer time between refueling generates millions of dollars of extra revenue. That is a strong incentive for the industry to adopt Lightbridge fuel rods.
SO, if the fuel rods are really as good as the claims, then this company could be catapulted into a $100+ MILLION a year company, starting in a year or two.
It is a longshot and always has been. But it is closer to fruition than ever before. For the investors, I guess it depends on whether they can be patient for the story to develop.
All just my opinion...
