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Message: Marin Katusa, Casey Research: The Future of Energy - Diversify Supply

Marin Katusa, Casey Research: The Future of Energy - Diversify Supply

posted on Jan 22, 2009 02:28PM

Denison Mines is mentioned twice in this article. Link to full article is at the bottom of this post.

Additionally, there is the supply crunch coming in the States. In the early 80s, there were about 30 mills in the U.S. Today, theres only one conventional mill that is able to operate, which is owned by Denison Mines Inc. (TSX:DML).

Number one, you have to ask yourself: whats my risk tolerance? But lets break it down further. Theres definitely going to be an upsurge and huge demand in the U.S. because it has existing power plants, and it needs the uranium there. So a lot of the price went up due to the speculation of funds buying the actual uranium. Its a very niche market. You want to diversify your uranium holdings. In the U.S., I would like to have a producer, such as Denison Mines, which we recommended in our newsletter in Nov. 2008 and on BNN in early December as a buy under C$1.00 (that has an operating, existing permitted mill). It also has mines in the area that are economic to deliver and produce, so it produces uranium but it also produces vanadium.

http://www.ibtimes.com/articles/2009...

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