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Detour GoldDGC.TOWAITAug 16, 2012Stock price when the opinion was issued
As of Feb 04, 2020. Market Open.
It is a higher cost asset. It is more volatile. They have a cash flow profile that will drop in a couple of years. The stock is off while investors plan to come back to it in a couple of years. You are buying it for the cost of the infrastructure. He would prefer to hold it for two years. (Analysts’ target: $20.44).
It is a year behind OSK-T. Detour is on the other side of the border. Similar footprint. Under $500 an oz operating cost. Production goes commercial in second half of 2013. They can learn from OSK-T. Likes the metrics of OSK a little more because they are just over the cusp of getting over their problems. He would rather own Detour later.