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Denison Mines CorpDML.TOCOMMENTMar 07, 2016Stock 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 is more patient than most investors, and he is content to wait 2 or 3 years to be right with uranium. He likes this one, but it will not move in the next 90 days. It is much more likely to be the acquirer rather than the acquiree. The fees of U-T are a great source of revenue. You need a higher uranium price to get DML-T moving.