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We're agreed DEN is under-valued, that's why we're long on it, personally I let it get way above the % of portfolio I set originally. I only posted the First Call estimate because I paid 3.50 for it only to learn they're not that interested in covering the company. ¨Quien sabe? what DEN will make/share in 97--it's not that relevant, IMO, as they are starting up a mine, with all the attendant uncertainty, to produce uranium--whose price is currently extremely depressed on the spot market, where very little U is sold. Any estimate of the price of U in the last 6-12 months has predicted MUCH higher prices a year or 2 down the road. As to the price of oil, ¨Quien sabe? again, for 97, but the long term is great. Also, we don't know how much DEN sells ahead in either U or oil......and I don't really care--for 97--it's 99 and 05 that count more.... |
