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

Bullboard Posts

Comment by Born2Struggle2on Mar 29, 2018 9:21am

176 Views

Post# 27801345

RE:RE:RE:WNN

Yes, an endless litany of predictions come and go never to be realized, made by intelligent people.

To me, the biggest single indicator of a turn around to bull territory is the spot price volumes being transacted. Occasionally, the good people at FNArena publish their thoughts in the "free space" and I have copied a quote from their 27 March 2018 commentary - "Seven transactions were concluded totalling 900,000lbs U3O8 equivalent." I think their source is Trade Tech. At that level of transaction, the equivalent rate of 45,000,000 to 50,000,000 pounds per year, and at the current spot prices of sub $22, we will never see the spot price rise above $22. That sales volume is roughly 1/4 to 1/3 of a year’s worth of consumption of U - consumers, the reactor operators, are able to pick up their needs on the spot market and this has been going on for years now. We don’t get to see the estimated transactions for each week, but every time FN lets the cat out of the bag, I note that the transactions are generally around the 900,000 lbs per week level.

WE need to see spot transactions fall below the 100,000 lbs transacted per week to see U prices head higher. The question is who is selling into the spot market? If it is the miners, the producers, then investors are screwed and those miners are fools for giving their U away for free.
But, as time passes, it is getting harder to believe that the secondary sources are to blame as the spot source. Here is a table I put together of Japanese reactor historical requirements – obviously a large potential secondary source.



JAPAN - HISTORICAL URANIUM DEMAND
	SOURCE - WNA

tonnes	tonnes	pounds	YEAR
U	U308	U308	as of 1 Jan


8872	10,465	23,070,999	2007
7569	8,928	19,682,641	2008
7569	8,928	19,682,641	2009
8003	9,440	20,811,227	2010
8003	9,440	20,811,227	2011
2805	3,309	7,294,201	2012
4636	5,469	12,055,585	2013
366	432	951,757	2014
2119	2,500	5,510,307	2015
2549	3,007	6,628,491	2016
680	802	1,768,291	2017
662	781	1,721,483	2018

NOTES: Due to Fukushima, in 2012 there would have been
383 reactors in the world fleet actually consuming U. Currently
there are 410 consuming U as 37 reactors are still idle in Japan.
The drop in demand from Japan can be estimated to be
109,750,000 pounds from 2012 thru 2018 - Likely this became
a spot source of approximately 15.7M lbs per yr on average.