public relations

I reckon the market (shares and options) reacted to the announcement in the same way most h/c commentators have. No exciting surprises. No amazing news.

That said, the positives I take are this:

For the first time, correct me if I'm wrong, the press release comes with a public relations contact man. That's good news, given the communication issues and negative sentiment of the past, and the PR company certainly has some big clients.

Secondly, WCU's grades are high according to their analysis. Based on Denison's ore buying schedule, again correct me if I'm wrong, but WCU's quoted average grade of 0.25%-0.35% attracts a payment fee of US$77.63-US$143.18 per tonne. They sell 10,000 tonnes that's US$776,300-US$1,431,800 in the bank. I see that as good news and not bad news.