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Denison Mines CorpDML.TOCOMMENTJul 28, 2015Stock 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 owns Cameco (CCO-T) instead. Uranium can and should get tight, but it is a very politicized market. The uranium story hasn’t flowed through yet, but it could. There is an awful lot of effort to turn this into a company that he would like to see developed. A neat little company that could do well, but uranium has to do well first.