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Denison Mines CorpDML.TOCOMMENTNov 11, 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)
This company will survive. He was very early in the uranium trade last year, and has now backed out of it. With slow worldwide demand for finished products, and hence slow demand for electricity, the Japanese restarts are going to be delayed for a couple of years, and hence the restart of the uranium space is going to be delayed. He will return to uranium maybe late next year.