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

To: wampum who wrote (162)	4/17/1998 11:16:00 AM
From: wampum	Read Replies (1) \| Respond to of 301

The $30 million decommissioning is overstated. The platforms can be sold. Since Denison owns 52.5% of the operation, the Greek Government owned oil company is responsible for almost $30 million also. This is all academic except that next year's balance sheet will look fantastic when the provision is reduced. But by then Denison is going to be a mighty big oil company. The scientists in Houston who have studied the 3D seismics say that the latest finds, which are to be drilled, look like the size of the entire Prinos field which has been pumping for 20 years. We are looking at 100 million barells of light, sweet, crude. Which means that when the stock is $2- everyone is going to think it is a bargain.