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

To: JohnL who wrote (181)8/16/1998 9:40:00 PM
From: Lalit Jain  Respond to of 301
 
John,

Do not know the economics of the McCLean mine. Cogema is the majority owner. I suspect the financials of the mine are closely guarded, at least for now.

This development is very positive because it will provide Denison with a steady cash flow, and hopefully a good return in the $40M or so of investment in the mine. If the offshore Greece wells come in as economical, then this stock could do very well. Just my opinion.

Regards, Lalit Jain



To: JohnL who wrote (181)8/19/1998 10:00:00 PM
From: wampum  Read Replies (1) | Respond to of 301
 
Denison has a 22.5% interest in the McLean Lake uranium project and a 19.5% interest in the nearby Midwest uranium project.- 1997 Annual Report


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