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Gold/Mining/Energy : denison mines

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To: marcos who wrote (38)	3/6/1997 12:51:00 AM
From: Lalit Jain	of 301

Hi marcos, Denison's Q3/96 report indicates that the O&G operations contributed 78% of the revenues and 82% of the earnings. The remainder came from mining (uranium) and interest income. Denison does not currently produce any uranium, so I presume the uranium sales are from inventory. The company will not disclose this info. Good price action today on good volume. I guess the investment community approves the Peter Farmer appontment. Note that Bill James is still involved with Denison. He is the Vice-Chairman of the Board of Directors. Y/E '96 results should be out soon. Regards, Lalit

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