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Gold/Mining/Energy : denison mines

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To: Lalit Jain who wrote (257)	1/26/2002 12:23:50 PM
From: Stephen O	Read Replies (1) of 301

Heads up on Denison. Stock is trading well. Here is Canaccord's comment on Cameco and Uranium. BUY : Cameco Corp. (CCO : TSE : C$41.25 : Issued 55.4M) 12-month target price: C$50.00 Greg Barnes (416) 869-3092 A supply squeeze in the uranium market? HEU Agreement negotiations stalled – Russians delaying shipments of HEU to US Potential developing that USEC will run short of material to deliver to utility customers – could spark high prices in the uranium spot market Target price increased from $45.00 to $50.00; BUY recommendation maintained

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