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Gold/Mining/Energy : denison mines -- Ignore unavailable to you. Want to Upgrade?


To: Stephen O who wrote (272)4/14/2002 11:00:23 AM
From: Chris K.  Respond to of 301
 
Thanks for that little analysis. I saw the results but didn't know quite what to make of them. Very encouraging news. I really think the r/s will do good for the company. It usually doesn't but there have been the cases where the company is fundamentally strong and will start making significant revenues where the price has risen after a r/s rather than fallen. Hopefully, DEN will start making a nice cash flow so they won't have to dilute the stock by financing. Institutional buying will also occur (if it hasn't already) since DEN won't be a penny stock anymore.

The question is at what price will DEN be before the r/s!

25c? maybe but it can also go higher since I see sellers trying to dry up (then again, I don't know what kind of sellers we'll get at 25c+

Cheers,
Chris K.



To: Stephen O who wrote (272)4/15/2002 11:33:12 AM
From: Lalit Jain  Read Replies (1) | Respond to of 301
 
Stephen,

Yes, exciting drill results indeed. However, the drill holes were just 10 meters apart. a lot more drilling needs to be done.

How did you come up with the "9.9 metres of 4.078% Uranium is worth about $850 US per tonne. There is 5 metres of 8.282% which is worth about $1800 per tonne" calculations ?

Regards, Lalit Jain