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Denison Mines CorpDML.TOBUYJan 16, 2013Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
He bought this three years ago when investors hated uranium, but he has since made his money back. DML is trying proven recovery methods but at a deeper depth that could work. If it does, shares go higher, but fears this method could be challenging on a commercial scale. Swo, he feels of two minds about DML. DML is the most important junior in the Athabasca basin. Their edge is operating a permitted mill there.
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)
Uranium stocks clicked in on seasonality about 4 weeks ago and usually run from mid-Dec through to mid-May. Uranium bottomed around $42 a pound and during the last 6 weeks or so, price has gone up to around $50 a pound. Good news continued last week when it was announced that Uranium One (UUU-T) was being taken out by ARMZ at a higher price. That added additional interest in this sector which will eventually mean additional funding moving into the sector. This one is getting very close to a resistance level of about $1.60. If it breaks above this, the stock should move significantly higher.