50% off Premium Yearly
Denison Mines CorpDML.TOCOMMENTOct 02, 2017Stock 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)
In January, uranium spot price was getting close and looked like it might hit $30. Since then, it collapsed to about $20, and the stock is down by about 45%. If you believe in uranium, this is a good entry point. He still thinks there is a lot of uranium stockpile out there.