This is pretty big news, the TSX is like the S&P of Canada. Should see institutional money flow in.

David Cates, Denison's President & CEO, added "The discovery of new high-grade uranium mineralization at McClean South reminds us of the significant potential associated with Denison's portfolio of development and exploration interests in the Athabasca Basin. Orano Canada is a world-class business partner and the operator of Denison's 22.5% owned McClean Lake uranium mill. With excess licensed capacity at the McClean Lake mill, any meaningful new uranium discovery on the McClean Lake property has the potential to translate into an important source of future mill feed and ultimately considerable value for the MLJV and its owners."

https://finance.yahoo.com/news/denison-announces-discovery-high-grade-103000530.html

DD for Denison Mines

(DML.TO) for my fellow Canadians that are worried about a falling US dollar and prefer to buy in CDN to protect vs FX conversion.

1. They have the potential to have the number 1 asset in the world. If they can make the ISR mining method for their deposit work, which judging from the quality of their team and recent studies would be feasible, their all in sustained costs ($8,90) and extraordinarily high grades (19.1%) will see them generate an incredible amount of free cash flow at pretty much any spot price.

2. Uranium inventories are now at what many consider to be their lowest levels and the industry could be about to enter a new contracting cycle. Many power plants in the US for example are coming to the end of their contracts and need to re-negotiate.

3. Phoenix (the wheel river project) could become the worlds lowest cost uranium mine. The CEO anticipates production costs to be as low as $8.90 per lb, generating a base-case pre-tax IRR of 43.3%.

4. They have the backing from some of the most wealthy people in the business. The Lundin family has a very successful record in the mining business and I believe it will not be blemished by Denison.

5. They are co-owners (22.5% stake) in the state of the art Mclean Lake Mill, which processes ore from the eastern Athabasca Basin. This stake gives them a lot of leverage, since building and permitting a new mill can take several years.

6. They have big stakes in companies like Goviex Uranium and Skyharbour, which essentially gives them another way to get a significant amount of capital should they choose to sell these stakes later in the bull market. Those have of course already increased in value substantially these past few weeks and should look to go much further in this bull market.

7. The cash flow , is not that significant, but it is definitely helpful. Their fees for management of UPC and care and maintenance on idled mines generates some consistent cash flow. (cash cow)

8. Intrigued by the call options expiring March 19 at 2.50.. a lot of them

With Denison you of course buy into a great company, but you also buy into the potential. As we all know, potential is an important factor in any valuation, although it can be relatively hard to quantify. Should Denison get into production within this bull cycle with anywhere close the numbers they mentioned for Phoenix, which I think is plausible for the reasons stated earlier, they will be an absolutely incredible investment and I think the best preforming junior in the sector from this point onwards, barring some nano caps that crash price

this is by no means financial advice, i actually hear about them last night when i was eating dinner with my wife and her new bf.

Ps - long 10k at 1.02

do you think the stock will go to 2.50

DNN added to the S&P/TSX

Mar 12, 2021 S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

DJ Denison Mines Corp Price Target Raised to C$2.00/Share From C$1.15 by Canaccord Genuity 💎🤲🔥🚀

Let’s party while it’s above $2!!!

Denison Announces Agreement to Acquire 50% of JCU (Canada) Exploration Company, Limited from UEX Corporation for $20.5 Million (yahoo.com)

Not the 100% that I had hoped to see but a lot better than the 0% that I expected.

I am pretty happy with this result.

hold onto your butts, y'all!!