RE: RE: RE: How low will it go.godisgr81... all I can tell you is what Credit Suisse is saying ...I'll try and find the other articles I was reading recently to back up my thoughts... as to the bottom... I don't make those kinds of predictions - it could go to 1.25, or 90 cents on the down side, or with a good NR up to the 2.20 range.
Right now it's way way over sold and a lot of institutions have unloaded it recently for tax loss purposes ...I am sure...but I am also sure, they will be buying it back in the New Year.
Price Target: (12 months) for (DML.TO)
Method: Our target price on Denison Mines Corp. of C$1.90/share is based on 1.1x our NAV (net asset value) estimate of C$1.75/share and is inline
for DML relative to its peer group. Our NAV is based on Credit Suisse long-term uranium price of $50/lb.
Risks: The key risk to our C$1.90/share for Denison Mines Corp. includes sensitivity to spot and long-term uranium and vanadium prices, liquidity
and debt covenants (tangible net worth, net debt/ebitda, ebitda/interest, current ratio), as well as the currency fluctuations. Dension Mines Ltd. is an
emerging uranium and vanadium producer, and any disruption to production plans and execution ricks can have a material impact on valuation. The
nuclear energy sector is subject to public opinion risks impacting demand for nuclear power, uranium and consequently Denison Mines Corp’s
valuation. Regulations and governing bodies may impact operations and estimates depending on the severity of project delays and costs due to
compliance. Reserve and resource estimates heavily impact valuation. As with all mining companies there are operational risks involved such as
mine accidents, storms, floods, and strikes, which can not be foreseen, and can have a meaningful impact on production, cost, and valuation
estimates.
Please refer to the firm's disclosure website at www.credit-suisse.com/researchdisclosures for the definitions of abbreviations typically used in the
target price method and risk sections.
See the Companies Mentioned section for full company names.
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