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Gold/Mining/Energy : denison mines

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To: Matt Vainio who wrote (45)	3/8/1997 5:32:00 PM
From: Lalit Jain	of 301

Matt, Denison's $50M earnings are simply astounding. This is excellent news for all Denison shareholders. Can you imagine a company generating a yearly cash flow in excess of $50M! Denison, imo, is poised for growth. Will it trade above 50 cents. I think it will. Even if it does not, I think it is a great buying opportunity for long term. Read marcos's post #46 also. I still think a stock price of $1 is possible within one year. Denison's shareholder's equity at year end has gone from -$19M in 1995 to +30M in 1996. Denison's y/e cash is at $50M. Denison's overhead is very low McClean Lake uranium project will start producing by Q3/97 I dont know of many companies that can generate so much cash. Also, I think energy prices (oil & gas + uranium) are poised for steady climb. If there is big volume in the coming days, then I think some institutions may have started to accumulate. Regards, Lalit

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