Bullboard - Stock Discussion Forum 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... see more

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Denison Mines Corp > Dennis da Silva - BNN - TOP PICK

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Post by Possibleidiot01 on Nov 15, 2023 2:41pm

Dennis da Silva - BNN - TOP PICK

TOP PICK

Unique because using in situ recovery methods for uranium using chemicals and water. Technology is well proven globally, and really brings down the capital and operating costs. Very strong economics. Newest project is almost fully financed. Prime takeout candidate. No dividend.

(Analysts’ price target is $3.46)

non-base metal mining

N/A

Owned

Denison Mines (DML TSX)

Uranium development company that is moving forward with permitting, environment work, testing to prepare for building the first In-situ Recovery (ISR) project in Canada. The focus is additional technical field work, lead-time equipment orders, and final permits in 2025. Physical uranium holdings could finance over half the project and essentially have sufficient capital before debt facility. Recent Wheeler River FS has co-development of two deposits under ISR method which would be a first for Canada. ISR significantly reduced capital cost and operating costs to tier one level and IRR near 90 per cent when uranium is US$65/lb. Strong cash position ($140 million). Strategic McLean Lake mill (22.5 per cent of Cigar Lake feed).

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