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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 22.5% 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

Bullboard Posts
Post by cartach13on Jan 28, 2008 4:28pm
471 Views
Post# 14275957

Q4 Revenue.

Q4 Revenue.I mentioned the following before but never recieved any feedback.- News release of Nov. 5/07 regarding 3rd qtr. results mentioned that total revenues included sale of 85,000 lbs. U308 at an average price of $85.41/lb. [$7.26 ml., and total revenues were $9.4 ml.] Also stated that Denison had entered into an agreement to sell 250,000 lbs. U308 for delivery in early Dec./07 at a price equal to 96.6% of the average quoted spot price at the end of Nov./07. - I conclude therefore that revenues for the 4th. qtr. will be $22.5 ml. for the agreed sale [say $90 x 250,000 lbs.], plus any additional sales made in that quarter. Based on this does'nt the outlook for the 4th qtr. look significantly better than the 3rd. ??? Or am I missing something? Comments would be appreciated.
Bullboard Posts