>>23510234Let me walk you through a comparable to help you understand how silly this shit is.
Like, I mean OKLO has no power plants at the moment and they are planning one nuclear power plant in the next few years. Their Aurora project has an experimental SMR design with a low 75MW capacity plant if this stuff even works out. Experimental, pre-revenue, speculative, 75MW capacity to start with in like three years at the earliest. You'll get that for the low low price of $20B.
Let's compare that to CGN Power, China's largest nuclear power provider. They are operating 28 nuclear power plants, with a total capacity excluding 31GW, and they have seven more units under construction and nine more units with approvals to build. CGN's nuclear capacity by 2027 (when OKLO will potentially have their teensy 75MW plant commissioned at the earliest) will exceed 37GW. And even beyond nuclear energy, they also have 45GW of installed solar and wind capacity with more to come as well. What's CGN Power's Enterprise Value you ask? ...about $50B.
>The power plant idea is currently more appealing than a modelled hole in the ground."Appealing" is a major understatement. You can piss your money away buying less than 0.1GW of capacity due in two or three years for $20B when you could make a real investment into an established company with a power capacity nearing 100GW for only about 2.5x the price. Either one is overvalued or the other is undervalued. It's not difficult to see which is the case. And that's my fucking point, US investors are pants on head retarded with their constant overvaluations across the board. There's very little value on the long side in US markets it seems
