Denison's getting interesting
I jumped ship after the IUC merger, but been keeping an eye on her.
At the time, I was not happy with ’s slow progress. I didn’t like the drops in ’s production, and felt the time frame for was being extended to far into the future..
In effect, I felt it was the IUC properties and the u308 price that kept ’s price up.
I think that will make a come back and watch her closely.
The situation, concerning commodities is telling me to keep the powder dry.
Positives
BPH’s Olympic Dam is essentially a copper deposit with very low grade uranium values. BPH would be mining huge amounts of copper (effecting CU prices) to produce the amount of uranium that they forecast. In effect I do not believe they will be mining uranium at their predicted rates.
As for Cameco’s , I feel that it will go into production, but like it should have occasional flooding problems.
That said, I believe that u308 will come back in price to help as she finally increases production. A high u308 price may even revive .
I hope that ’s next quarterly report is interesting. Good luck to all.
Aso some insider purchases at higher prices…
https://www.canadianinsider.com/coReport/allTransactions.php?ticker=dml