in uranium we trust, page-5

I'd disagree Wanelad1. WCU has the option of selling all its output to Denison, so even in the worst case scenario that it can't find any buyers, it can sell to Denison.

In addition, any weakness in the U price should already be priced in. Fair enough that the sp might be lower than it should because of the lower U prices. But then if we're saying that U prices should generally recover from hereon (albeit slowly), then the share price should trend upwards too.

Besides, you have to also think of the company specific factors in its favour here. This company's short term share price should be much more be influenced by the upcoming catalysts (move to production, generation of cash, TSX listing, drilling in other areas, reserve upgrades etc), rather than simply the level of U prices.