RE:Cates on BNNWHAT I HEARD CATES SAY … 23 Mar 2021
nothing really new to us ...
- Denison is completely levered to U price
- Years away from building the mine, no sense doing a capital raise and then sitting on the cash
- Explained advantages of ISR over conventional underground drill and blast techniques
- The U purchase de-risks future production planning
- Low capital costs from of ISR from $1-1.5 BB for conventional underground including a mill, down to $300 MM, no mill required, etc
- SMR’s are opening the “door” on public acceptance for all kinds of Nuclear generation
GL - B2S2