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Gold/Mining/Energy : denison mines

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To: Lalit Jain who wrote (44)	3/8/1997 2:17:00 PM
From: marcos	of 301

This is great. After the reduction in decommisioning costs, 35.7 mil profit--divided by 317mil shs = 0.11 per share profit. That's a P/E of 4.3, imagine the EBITDA. Oil may be off a little right now, but it's not going out of style. DEN may very well have income this year from McLean Lake as it is common practice in the uranium industry to sell ahead on long-term supply contracts--the spot market (down right now) doesn't have much to do with it. Recommended reading--the Cameco thread under Gold, Mines and Natural Resources, also search Lycos with "uranium + markets" and "uranium + institute". It seems fairly plain from here that there is a bright future for U, and Denison has a high-grade resource coming on-stream. It's a bargoon under 50 cents, won't last...IMHO...there'll be some dips on the way up, though--trading opportunities for sure...

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