"Even on a larger scale; A$420,000,000 for a 154MW plant
(not including the large maintenance costs). That's A$9,300/year on electricity instead of A$300/year at current costs off the
grid. That's over 30x as much, and not a large allowance of
energy."
You make a VERY big mistake. The 9300 is for the whole life time. If you take 25 years lifetime, plus 7% interest rate, you have to divide the number by 11.7. This means, that the cost is comparable with about 900. This is 3 times the price of 0.05 per kWh. However, 0.05 is the price for very cheap coal (with plants paid off and no environmental constraints) and 0.15 can compete with oil based fuels if the price is above 100$/barrel.
This is still quite a lot, but if you consider that this is new technology, for which only the first serious plants are build, this is quite good.
Nuclear does not receive much incentives for producing energy (this compared to renewables). However, still large amounts of money go to nuclear research. Both US and EU research funds are half nuclear. The amount that were spend at nuclear in the time 1960-1985 to nuclear were much higher than renewables now.
Thorium does have a proliferation problem, because of the production of U-233. Furthermore, for complete Thorium cycle (not just a little burning in a convential plant), you need a complete new design, which combines chemical and nuclear technology The reason for this, is that if Thorium absorbs a neutron, you have to take it out and wait for splitting, to avoid a wasteful cycle (absorbing another neutron). Designing such new plant will cost at least 20 billion dollars. Remind, that the only success story of the nuclear industry is the conventional nuclear plant. There have been numerous other experiments that never commercialized. The breeder reactor in Kalkar would produce electricity for a price of 0.21 eurocent a kWh in 1985. No inflation is added here and no operational costs (only capital costs).
Some of your other numbers are incorrect. $1/watt for nuclear is way off of current build reactors. Think more about between $2 and $3/watt. Still this is cheaper than solar, because you have a higher availability.
The 0.05 Adollar a kWh, isn't a realistic (and old) price. You can not get that price with new coal plant with all environmental constraints. And certainly not, with CO2 CCS (is about 6 eurocent per kWh with an highly efficient coal plant).
I am not totally against nuclear, but I am writing a book about energy. All support groups are lying about their technology. However, the pro-nuke boys are the worst with lying. This lying is as a boomerang, but I distrust all numbers of pro-nuke boys. They also continuously attack the renewables.
If you want to battle climate change with nuclear energy, the uranium production must be 10-fold in 2050. The uranium reserves are disputable. Some expect a shortage the coming 10 years, due to the end of the megaton to megawatt program. On the positive side you may assume a 3-fold is possible (there are many that dispute that, France has many nuclear plants but depleted uranium source, coincidental?). But some doubts by a 10-fold are certainly valid. Or we have to go to breeders or Thorium, both unproven technology.
So, we need all alternatives sources.
Lucas