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Gold/Mining/Energy : denison mines

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To: Lalit Jain who wrote (80)	5/20/1997 5:27:00 PM
From: marcos	of 301

That's 4 bucks a barrel ($1.8mil divided by 450,000 bbls)...hey I'll buy oil at that price.....Hibernia is now a fact, the rig is on it's way to the field right now.....Did you catch the article in the Globe and Mail Saturday? There seems to be a lot of optimism that it will be possible to produce oil in the North Atlantic, something that probably amazes the Merchant Marine guys from '39-'45......In any case, Denison is not risking a lot of cash for the privilege of playing.....IMHO, oil and uranium are where to be ten years down the road.....

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