Denison Mines Corp T.DML

DAVID CATES ON BNN AT 1110

[Born2Struggle2]

Discussion of Phoenix and Sput apparently

[Born2Struggle2]

Apparently the 2.5M lbs is now worth 1/3 of the capital required to put Pheonix into production, we have received calls to "liberate" those lbs from market parcipitants. Not selling, that U is marked to develop the mine or sell with our production from the mine. Demonstrates how thin the U market is right now. (me paraphrasing) There is gonna be an epic rush to get lbs by buyers. JMO

[MightyMorf]

I wonder if those calls from market participants are utilities?   

[Born2Struggle2]

Bell actually asked him that and all he would commit to was "market participants" - my guess not them, yet. u c the "Guantlet is thrown down" over on the FCU board?

[MightyMorf]

Yes I have been following https://mobile.twitter.com/bambroughkevin

[Born2Struggle2]

Sounds kind of strange - the buyers in solidarity waiting out the producers as a theory or is it a fact?

[MightyMorf]

I believe it is fact.   These buyers will come to market.  “Utilities”  have basically pushed the producers into supplying at such low costs.   Now it’s time they get what’s coming to them.   And it’s going to be epic!   These are my thoughts.

[Born2Struggle2]

I pity Cates right now trying to figure out at: what price, how to structure an offtake. Trying to get a feel on how high the spot will go, worrying about leaving the table too soon. I wonder when we will start to see medium and longterm proces published - hasn't really happened yet so maybe inferring more credibility to the "Guantlet" scenario. But the leadership has been damn

[autofocus111]

@Born2 Hold on a minute... the mining projects are not even cleared for construction yet so can they enter offtakes?

[Born2Struggle2]

2.5 MM lbs in the bank will fuel about 5 reactors for 18 ish months. I also remember some years ago that DML entered into an offtake agreement with KEPCO, not sure if it is still in place or not. Pretty sure I saw that as a step in the process to get into production in their latest slide deck too. Another example of a company not in production but with an offtake in place is FCU. Goviex is

[MightyMorf]

Here is the link to the interview. https://www.bnnbloomberg.ca/commodities/video/surge-in-uranium-sprott-price-isn-t-artificial-denison-mines-ceo~2281186