Denison Mines Corp T.DML

Alternate Symbol(s): DNN

Energy

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.

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Denison Mines Corp

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Comment by notBuffeton May 01, 2014 9:54pm

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Post# 22515658

RE:RE:RE:Cantor: Uranium prices are set for a violent move higher

I think ultimately the U spot will rise. The question is when? Will it continue to drop for another year and a half and bottom out at $25, or lower? If so, a "violent" move up means getting back to just $40?
Let's not fool ourselves, there are enough high-grade mines which can make LOTS of money with a spot price of $40 and meet supply too. And by that time, enough of the juniors will have drowned trying to stay afloat. It's going to get worse before it gets better IMO.
Finding Uranium may be easy compared to finding an "off-scale" asset. If it's not off-scale, it doesn't seem to move the stock price of anything. I think a few good finds in the Athabasca Basin has spoiled it for all others. OR, investors may just be savy enough to realize that without a really high-grade deposit, money will just NOT be made.

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