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Gold/Mining/Energy : denison mines

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To: marcos who wrote (192)	6/18/1999 10:45:00 PM
From: Lalit Jain	of 301

marcos, You are right. Good news and twice in a row. I was starting to wonder as to what it would take for Denison to move. The start up of McLean Lake is very good news indeed. Denison will now be able to get stable cash flow for the 14 years or so. Denison already has a good balance sheet. This will only improve the financials. Imagine what it can do with with the cash flow. Currently you can buy mining reserves for 10 cents on the dollar. It was nice to see Denison hold 20 cents. I think the technical picture tells that Denison is on the up trend. I would not be surprised if goes back to 50 cents over the long run. Nice to hear from you again. Regards, Lalit Jain

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