Detour Gold Corp DRGDF

RE:RE:RE:Go study up on what happened to NGD...your fate if you stay

[insideoutside]

As Jin said costs are too high at current gold price.
ASIC does not include all costs.  AIC "all in cost" does as it also accounts for finance costs, the royalty to Franco Nevada, and taxes.
AIC is typically 80-100 above ASIC.
DGC ASIC 2018 - 1200 to 1280
Taking the mid range of the two above 90+1240 = 1330 All In Cost (AIC)

An operational problem, higher fuel costs, accident ect would drive AIC higher. In other words any additional issues will come right out of working cap.

As crappy and debt laden as they they are PVG and NGD are trading at more atttractive multiples.  And remember some of DGC mine plan reserves are now questionable as they do not have aboriginal permitting.

I expect some choppiness this week and then a slow bleed down to about 8.50 oven the next month assuming gold stays below 1260.