RE:RE:RE:RE:RE:Might see some buying this weekYour opinion ?
My opinion:
Denison is more likely to go up than not.
Why, you say?
1) It is probable that the ISR mining method to be applied at Phoenix, that the current ongoing proof of concept testing will indicate favourable results sufficient to enable a positive bankable feasability study and that as a result Dension will be able to access financing to develop the mine.
2) The mine will be in production by 2024 at a rate of 6 M lbs per year at an all in sustaining cost of less than $12 usd per pound. The spot price is currently about $34 usd per lb. 6,000,000 x $22 usd = $132,000,000 positive cash flow per year.
3) I would hazard a guess that by 2024 Dension will have negotiated a long term contract with a US utility for half the production, 3,000,000 lbs per year at, at least $60 usd per lb and sell the remainder at the spot price. Or maybe the South Koreans.
4) Unless Orano takes out Dension first.
So that is why Denison is more likely to go up than not.
JUST MY OPINIONS and GLTA - B2S2