Replies to post #53 on Denison Mines Corp (DNN)

[SuperSquirrel]

Gold, uranium rises vindicate 'Original Bug'
Commentary: And Dines predicts commodities' prices will climb even higher
By Peter Brimelow, MarketWatch
Last Update: 12:01 AM ET Nov 5, 2007
NEW YORK (MarketWatch) -- The Original Uranium Bug and the Original Gold Bug (they're the same James Dines) is breathing easier.
Dines, the octogenarian editor of The Dines Letter, was our Investment Letter Editor of the Year in 2006. See Jan. 1 column
More than 20 ago, he brilliantly reinvented himself as an active stock trader, after arguably staying a little too long with his first great insight: that the inflationary 1960s would doom the dollar and boost gold. (Hence Original Gold Bug).
Dines' reinvention worked. The Dines Letter is up 28.2% over the past 12 months vs. 15.1% for the dividend-reinvested Dow Jones Wilshire 5000, according to the Hulbert Financial Digest. And over the past 10 years, Dines is up an even more impressive 19.8% annualized vs. 7.4% for the total-return DJ Wilshire.
With spot gold back above $800 for the first time since 1980, Dines like many gold bugs could be pardoned for thinking that the conditions of his youth have returned. See Oct. 18 column
Indeed, Dines writes in his last letter, published in late October: "We would be very surprised if the gold price did not blast right through the old highs, and we reaffirm our old targets for gold of $3,000 to $5,000 an ounce (Plus silver over $100 an ounce) ... gold is not merely a colorful trinket but a monetary asset, and when mass fear strikes at the heart of paper money, the stampede to gold will be awesome."
What has really distinguished Dines in recent years, however, has been his advocacy of uranium. He argues that, ultimately, the only energy choice is between coal (resulting in global warming) and uranium.
When I last checked in with Dines, uranium had stumbled after a multi-year run. See Aug. 20 column
Dines was distressed but determined.
He now feels vindicated by the subsequent rebound, noting that many uranium stocks are back to the levels they achieved earlier this year.
He concludes: "Uranium action this year thus appears to be an example of an unusual "Major" consolidation, while the uranium market tries to figure out which path to take. We must remain stoically calm, and not allow our emotions to whip us back and forth ... Although stock market trends could change and force us to completely reassess the situation, events are proceeding as though an important bottom is behind us.""
Other Dines views: "Stock markets are getting a bit oversold here, and we are looking for a rally in the S&P 500 Index ($SPX
S&P 500 Index
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
$SPX) anytime, somewhere between the 1,420-1,495 areas, probably in November, paving the way for the traditional year-end rally."
But Dines still rates himself "long-term neutral" on stocks.
On bonds, Dines writes: "We are generally bearish, because bonds are overpriced. We would still avoid corporate or "junk" bonds, but instead stay with very short-term U.S Treasury paper or cash. We expect higher interest rates ahead ... This is not an enriching arena yet."
These stocks are rated "buys" in Dines' top-performing "Long-Term Growth" portfolio:

* Pan American Silver Corp. (PAAS
pan american silver corp com
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
PAAS)
* Denison Mines Corp. (DNN
denison mines corp com
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
DNN)
* Laramide Resources Ltd. LMRX.F (LMRX.F
laramide res ltd com
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
LMRX.F)
* Fronteer Development Group Inc. (FRG
fronteer dev group inc com
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
FRG)
* Mega Uranium Ltd. (MGAF.F
mega uranium ltd com
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
MGAF.F)
* Paladin Resources (PALAF
paladin res nl shs
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
PALAF)
* Uranium One Inc. (SXRZ.F
uranium one inc com
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
SXRZ.F)
* Arafura Resources I (ARAFF
arafura resources nl shs
News, chart, profile, more

Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
ARAFF)

[SuperSquirrel]

Bluerock Resources Ltd. and Denison Mines (USA) Corp. Sign Letter of Intent on White Mesa Milling Agreement
Wednesday, January 16, 2008; Posted: 06:01 PM
More Breaking News about BRD
IST Market Review: Introduces Bluerock Resources to our Canadian Juniors Watch List
Retransmission: Bluerock Resources Ltd. and Denison Mines (USA) Corp. Sign Letter of Intent on White Mesa Milling Agreement
Retransmission: Bluerock Resources Ltd. and Denison Mines (USA) Corp. Sign Letter of Intent on White Mesa Milling Agreement

VANCOUVER, BRITISH COLUMBIA, Jan 16, 2008 (MARKET WIRE via COMTEX) -- BRDSF -- Bluerock Resources Ltd. (TSX VENTURE: BRD | news | PowerRating | PR Charts ) (the "Company") is pleased to announce that the Company and Denison Mines (USA) Corp. (Denison) have executed a Letter of Intent (LOI) with respect to an ore purchase and uranium toll milling agreement. The LOI envisions a three year toll milling agreement with two additional years extension by mutual consent and will allow for the production and processing of 60,000 tons of uranium ore in 2008 and 100,000 tons of uranium ore in each successive year.

This agreement sets a clear path for Bluerock to be the next uranium producer in America and generate cash flow based on that production.

President Michael Collins comments, "Bluerock is pleased to be the first uranium company to negotiate a framework for an ore purchase and toll milling agreement at the White Mesa Mill with Denison. This agreement is a pivotal step to reaching Bluerock's objective of becoming the next uranium producer in the United States. Bluerock employees are working diligently to move the Company's initial four uranium projects forward to fill the production levels that this agreement affords us."

Under the terms of the LOI, Bluerock agrees to deliver 25,000 tons of ore per year into Denison's Ore Purchase Program. Subsequent ore deliveries will be stockpiled at the White Mesa Mill and processed under a toll milling agreement, under which Bluerock will pay to Denison the direct costs to mill Bluerock's uranium ore plus a toll milling fee per ton of ore, which will be partly linked to the long-term uranium price. The ore purchase program affords Bluerock the opportunity to deliver uranium ore for immediate purchase and cash flow. The ore processed under the Toll Milling agreement captures the full market value of yellow cake and vanadium production. Toll Milling also allows Bluerock to manage the marketing of its uranium production. The LOI is contingent upon the execution and delivery of a toll milling agreement.

The Bluerock team is currently advancing four uranium mining projects in the Colorado Plateau to reach the LOI production targets including: 1) the fully permitted J-Bird Mine, which is under active development; 2) the Tramp Mine, which is permitted at the Colorado State level and a Plan of Operations is underway to bring it into compliance with the Federal Bureau of Land Management; 3) drilling and bulk sampling permits are under application on the Sunbeam Mine to move it towards a production decision; and 4) plans to advance the Cone Mountain Project have commenced.

Denison is a $1.6 billion diversified uranium mining company with production assets in Canada and the United States, including on the Colorado Plateau, where several of Bluerock's projects are located.

Haywood Securities Inc. assisted Bluerock with the transaction.

To date no feasibility study has been completed at the J-Bird Uranium Mine or any of Bluerock's uranium projects, and there is no certainty the proposed operations will be economically viable. Bluerock management believes however that the Company's uranium projects are capable of fulfilling Denison's White Mesa Mill's feed capacity in a timely manner. The term "ore" as utilized in this news release is in no way meant to imply a positive economic analysis has been completed on the Company's uranium projects.

Bluerock Resources Ltd. is a mining company focused on the acquisition, exploration and mining of conventional uranium resources in the United States.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

FORWARD LOOKING INFORMATION DISCLAIMER

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act and the Alberta Securities Act, including statements concerning our plans at our mineral projects, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish mineral resources; delays in obtaining or failure to obtain required governmental, environmental or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; risks associated with title to resource properties, particularly in Mongolia, and difficulties of determining the validity of certain tenures and other risks and uncertainties, including those described in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of U308; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment within Canada, the United States of America and Mongolia will continue to support the development of environmentally safe uranium mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Bluerock Resources Ltd. Cary Martin Manager of Investor Relations [phone] [phone] (FAX) Email: [e-mail] Website: www.bluerockresources.com

SOURCE: Bluerock Resources Ltd.

mailto:[e-mail] http://www.bluerockresources.com