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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
Comment by fergus2on May 10, 2013 9:00am
229 Views
Post# 21361937

RE: EFR and DML

RE: EFR and DML

 As a shareholder I got that value transferred to me "in kind" with the EFR legacy shares. When this uranium market does come back those EFR assets will indeed be worth something and it will be reflected in the EFR share price: but one may have to be patient. The U.S green lobby is also not friendly to uranium mining.  To date, it has been easier for U.S. power plants to access the international market for supplies and they have done so for quite some time.  But when the market tightens, (as it will) EFR will have (I think) the only fully permitted mine in the U.S.

Please forgive this metaphor, but sometimes in chess one might have to sacrifice a piece in order to open up the files for manoeuvrability. That's what DML did with the U.S assets. In this down market they weren't worth much anyway, or at the very least bloody difficult to sell.  …..But if they could have sold them, for what price and what timeline to do so? They got rid of something that a buyer would most likely not want parcelled with an Athabasca takeout, particularly if it were the Chinese. They were also executing a master plan to make DML marketable and quickly. Obviously there are windows of opportunity and I think their progress on dusting off the company and making it a saleable asset is mighty impressive. They have operated with vision and their progress in these matters has been relentless. They are also intimate with everybody in the uranium market and they’re old hands at this game. The moves they are making are all calculated. And I say again, if you build it they will come,-the buyers that is.

Bullboard Posts