Denison Mines Corp T.DML

Alternate Symbol(s): DNN

Energy

Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.

TSX:DML - Post by User

Denison Mines Corp

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Post by horndog69on Jan 21, 2014 2:31pm

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Post# 22116847

UBS - PDN vs DML

UBS

21-Jan-14

Paladin has announced the sale of a 25% stake in the Langer Heinrich uranium mine in Namibia to China Uranium Corp for US$190m. This transaction implies a price below UBS' valuation of the mine but the broker is positive, as it gives Paladin a much-needed cash injection and provides time for the uranium price to recover.

The proceeds will be used for debt reduction. UBS estimates the company can survive at the current uranium price through to November 2015. The Neutral rating is retained and the price target is raised to 60c from 55c.

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This junior mining stock offers billions in market exposure