RE: Globe says big earnings increase expected at D Around mid-year the Mclean Lake mill which is 22% owned by Denision is scheduled to begin processing ore from Cameco's high grade Cigar Lake mine. The Mclean Lake mine is the only mill in the Athabasca basin that can mill run of mine high grade ore.
So the mill which is basically sitting idle for the last two years will start generating revenue which will obvisously impact DML's earnings in a good way of course. Since Cameco has no interest in Mclean Lake and DML also has some pretty good assets of its own. One has think that DML could be a pretty acctrative takeover candidate in the basin as well.
There are always things that can go wrong but owning DML at these levels almost seems like a win/win situation. The provine of Sask's recent announcement of a cut in royalties will also benefit DML and other operaters in the basin as well.
The Sask government is also lobbying the federal government to relax foreingn ownership rules of uranium assets in Canada. Which if the federal government were to follow through would serve as a catalyst for take over activity. And really good for the uranium industry as a whole.