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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 stockman6767on May 28, 2014 8:20am
278 Views
Post# 22604263

RE:RE:Macquarie Research comments on the uranium sector

RE:RE:Macquarie Research comments on the uranium sector
If I were in charge of Cameco, I would make it my business that no matter how many shutdowns we get from all the other U suppliers, I would make it my business to continue to supply the spot market with enough U to keep the spot ptice low for the next couple of years. I believe they can do this single handedly by themselves at very little cost to themselves since much of their U sales is at the contract prices and not at the spot price.
 

The net result would be that those U cos that are borderline such as Paladin and many others will not be able to hang amd will be easy prey to a take over from Cameco. Bottom line - a continued low spot price is very good for Cameco in the long term!
Bullboard Posts