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Gold/Mining/Energy : Denison Mines - DEN on Toronto..does anyone follow it?
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To: Big Red who wrote (11)8/23/1996 9:14:00 AM
From: Ronnie Commisso   of 38
 
I don't think that this has a huge impact on revenue at all. The press release indicated that there is approx. 18 million barrels of oil in which 3 million may be recoverable in over a three year period.

Now at an average price of $3/barrel this means $9 million over the next three years. Now if Denison has a 45% share this would mean $4.05 million over the next three years. To me, this is not much.

In terms of the bottom line, I don't have all the numbers available to calculate what this would add to bottom line profits. However, I am still doing research on its financials. If you have any info on financials please let me know, I am very interested on how Denison's books look like. Keep me posted; as I will keep you posted on any new information I obtain.
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