50% off Premium Yearly
Detour GoldDGC.TOHOLDOct 09, 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).
One of the largest undeveloped gold mines in the country. 16 million ounce reserve and a 36 million ounce resource. They are in about the 9th inning of getting the mine up and running. Can see this being primed for an ultimate takeover once they go into production. Forecasting 700,000 ounces of gold production per year.