GREY:DRGDF - Post by User
Post by
loadtheboaton Mar 11, 2009 5:08pm
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M. Fulp speaks of Detour
M. Fulp speaks of DetourWell, I’m going to toot my horn a little bit and talk about one I’d told you about in mid-December,
PDX Resources Inc. (TSX:PLG) (formerly Pelangio Exploration). If you remember, they were in the Detour Lake Camp and owned about 42% of
Detour Gold (TSX:DGC). Those companies have since agreed to merge. When we talked, PLG was a 70-cent stock. Now, it’s trading at around $2.25. Soon I’m going to be a Detour Gold shareholder. The catalyst now for DGC is the pre-feasibility study expected in Q2 and a full-blown feasibility by year’s end. With positive results on these studies, Detour is going to get taken out. We need to look for some more companies like that.