DGC vs QMI... imminent price ramp for QMI Detour Gold is about to be mining with 1g / Ton at a cost of $600 to $700 / ton to mine.
Queenston is about to build out a mine with more than 7g / ton and a cost substantially less than DTG, 50% in fact.
DGC have 113,000,000 shares x $27.72
QMI have 83,000,000 shares x $4.76
QMI based on the DGC project is considerably undervalued if the assumption can be made for QMI to continue to double reserves as they have over the past 2 years
If a reasonable price comparision were to be made for QMI building out the mine and reserves over the next 3 years, both projects would be considered equal in value, then the following would be close:
QMI on a share per share basis should be $7ish today, only 15% off the previous high of $8
QMI on a share per share basis, based on market equals, will trade in the near future for $42 based on a $1,250 POG
If you look at pier projects and their price ramps, the QMI price ramp is near.
A reasonable target over the next 18 months $24 based on 100,000,000 shares