China, the US, & DMLRecent discussion about Canadian or shareholder approval miss the point entirely.
I earlier posted; "Given the percentage of assets DML holds in the US, any thought that the US gvmt. would allow a sale to Chinese interests is delusional in the extreme."
the following is taken directly from DML web site:
"Denison Mines Corp. (TSX:DML) (AMEX:DNN) is a diversified, growth-oriented, intermediate uranium producer. With six active uranium mines in North America (five in the U.S. and one in Canada), Denison estimates North American production at 3.6 to 6.0 million lbs of U
3O
8 by 2011.
The company was formed through the combination of the business and operations of Denison Mines Inc. and International Uranium Corporation on December 1, 2006. Denison’s assets include an interest in two of the four licensed and operating uranium mills in North America, with its 100% ownership of the White Mesa mill in Utah and its 22.5% ownership of the McClean Lake mill in Saskatchewan. Both mills are fully permitted and operating. Denison's 2008 production from the two mills is estimated to be approximately 2.1 to 2.4 million lbs of U3O8 and 3.0 to 4.0 million pounds of vanadium.
Denison enjoys a global portfolio of world-class exploration projects, including properties in close proximity to the company’s mills in the Athabasca Basin in Saskatchewan and in the Colorado Plateau, Henry Mountain and Arizona Strip regions of the Southwestern United States."
The US gvmt. wouldn't permit Arab control of a few of their ports. They will never allow Chinese control of US U308. Full stop.
Of course, Chinese interest in the space will "lift all boats"
cheers