Re: dennison
in response to
by
posted on
Jan 21, 2011 07:18PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Tau..
Recommendation out today on FIS ..but in the release they included..so DML looks awful good to me..FIS also..(A hec of a lot cheaper..
POrtee
KEPCO is headed by the Korea Electric Power Corporation (NYSE:KEP), which is a major Korean integrated electric utility company. KEPCO is also a producer and operator of 20 Korean nuclear power plants, and investor in uranium production by way of a 17% stake in Denison Mines (TSX:DML, NYSE AMEX:DNN). This interest makes KEPCO the largest investor in Denison and is driving the company towards an annualized production rate of 10 million pounds of uranium oxide by 2020, which equates to about 5% of world output. Denison owns a stake in the Midway and Mae West Deposits, and holds an interest in the nearby McClean Lake Mill, with an annualized production rate of 12 million pounds of uranium oxide from high grade ores, that is currently shut down due to lack of feedstock.
Fission has recently outlined three uranium mineralized bodies that commence on the eastern edge of their Waterbury Lake Project, which appear to be part of the same mineralized system which is responsible for the high grade uranium oxide that is being drilled by Hathor. The logic of the situation points to the development of these various finds as one project and KEPCO may play a major role in this development as it has interests in most of the surrounding deposits and has already indicated that Denison will grow production through both exploration and acquisition.