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Detour GoldDGC.TOBUYJun 06, 2013Stock 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).
Newest gold producer, in Ontario. Being a year behind they got to learn some of the things that OSK-T learned. Costs are just under $1000/oz. He participated in the recent equity issue. Sees good upside. They won’t get started on the right track. It may take a year. He likes OSK-T as well as it is a little further ahead.