Topic: How To Invest

Hi there: Please provide your opinion of Denison Mines as a potential buy.

Article Excerpt

Denison Mines Corp., $1.65, symbol DML on Toronto (Shares outstanding: 484.7 million; Market cap: $809.8 million; www.denisonmines.com), moved up in late February 2014 as the outlook for uranium prices improved. That’s because Japan’s government announced details of its new Basic Energy Plan, which designates nuclear power as a key part of the country’s energy mix. The plan outlines steps to restart the 50 reactors that were closed after the 2011 Fukushima nuclear disaster and overturns the previous government’s promise to phase out nuclear plants. Japan may also build new reactors. Denison holds a 22.5% interest in France-based Areva SA’s McClean Lake uranium-processing plant in Saskatchewan. It also has stakes in exploration properties in that province’s Athabasca Basin, including its 60%-owned project at Wheeler River. Internationally, Denison owns 100% of the Mutanga project in Zambia, a roughly 77% interest in the Dome project in Namibia and an 85% stake in projects held by the Gurvan Saihan joint venture in Mongolia. Denison also decommissions mines and…