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Gold/Mining/Energy : denison mines
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To: Alex Harrington who wrote (121)10/16/1997 5:38:00 PM
From: Lalit Jain   of 301
 
Alex,

With the earnings and cash flow Denison is generating, it won't be necessary to do a share consolidation (in my opinion). Plus, sometime in the 1st half of '98, Denison will start to generate significant additional cash flow from its McLean mine uranium production.

BTW, are you a Denison shareholder ? If you are, good for you. If you are not, Denison is a good value play. Little downside risk, but good upside potential.

Regards, Lalit Jain
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