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Bullboard - Stock Discussion Forum Denison Mines Corp T.DML

Alternate Symbol(s):  DNN

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... see more

TSX:DML - Post Discussion

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Post by Uraniuman308 on Feb 17, 2021 5:46pm

Value

Why do some on this board express caution regarding the current share price?  DML's ownership in a high grade mill is easily worth 200 million while takeovers in the Athabaskan basin have traditionally been valued at 9 to 11 dollars per pound.  The current value is far from excessive and is becoming more in line with market/company fundamentals.   Without reddit this stock could easily hit $5.00/share on a rising u price.  JMO
Comment by ShakeUpTheBoard on Feb 27, 2021 12:23am
My two cents.  Days of any company acquiring at $9-$11 per pound are long gone.  Uranium prices at $25-$35 for the next 5 years is the reality. Also, depth of Phoenix and Gryphon ore body/lack of ability to mine out the ore as an open pit mine results in a significantly reduced valuation on this property.  Prices would have to rise above $65 to recoup all the spend that's ...more  
Comment by NewfNewf on Feb 27, 2021 1:01am
Jut more of the same from this company with more share dilution. We will see a billion shares, a reverse split, more financing for developement and another reverse split and then maybe some actual developement within 10 years. Who wants their money tied up in this. Just trade it when the opportunity arises.
Comment by RayDonovan78 on Feb 27, 2021 10:02am
Yep, couldn't agree more...How many times have they issued more shares over the last 10 years and diluted shareholders ???
Comment by Born2Struggle2 on Feb 27, 2021 1:07pm
Ray, Newf and Shake ... What are your thoughts on the proposal to freeze wall cordon off and In Situ Recover the Phoenix Zone? B2S2
Comment by ShakeUpTheBoard on Feb 28, 2021 9:40am
Not being an engineer, take what I say with that in mind.  My thoughts are in theory, you can create a freeze wall and mine in situ.  However, there is a lot that is unknown in those depths.  They have only been drilling holes and making a lot of inferences as to what the ore body looks like, its dimensions, and the overall grade of the ore body across the entire structure. There ...more  
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