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Denison Mines CorpDML.TODON'T BUYMar 04, 2014Stock 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)
He looks at it every year. There is a perception that uranium will come back, but it has not. Stocks are starting to discount a higher uranium price. Now stocks are extended. Prefers CCO-T, but is expensive too. Thinks U-T would be the best.