RE: Stock PriceHeimey, I was the one who phoned the office and spoke to Ron Hochstein, President of Denison Mines. I asked him point blank: You make a very strong statement on your website about Wheeler River, that it is a major discovery. Is it really so, or are you stretching things? His reply was: Not only we are saying it but so do our Partners, Cameco 30%, and JCU Canada owns the remaining 10%.
With regard to Uranium grades the only thing you should remember is:Conformity, and Non Conformity.
What this means is that when it is of Conformity, the discovery is of low grade, and when it is of Non Conformity, it is of unusual high grade Uranium. Most of the Athabasca Basin is of the Non Conformity type of Uranium discoveries. It is the premier place to explore for high grade Uranium discoveries! By the way, if a discovery is of the Conformity type, it is considerably less than 1% of U308.
So, in my opinion, this stock has been hit harder than any other Uranium stock because of the fact of falling Uranium prices, a large debt, and not having customers to sell their Uranium at higher than spot prices. These conditions are no longer a problem!
Although I may have not answered all of your questions, I hope I have given you the reason why you should invest in Denison Mines.