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Gold/Mining/Energy : denison mines
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To: Lalit Jain who wrote (265)3/17/2002 3:19:45 AM
From: baystock  Read Replies (1) of 301
 
<DEN's cash flow should be about $1/sh and hence the optimistic valuation of about $6+ per share. >

If there will be 16 million shares outstanding post consolidation, that would mean DEN's cash flow is $16 million. But their revenues for the most recent quarter ending 10/31 were only $4 million or $16 million annualized. So your cash flow numbers seem way too high, since it is highly unlikely that cash flow is the same as revenues.
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