RE:Detour reserves At the present SP ., KL is effectively paying $265 per ounce, which is about 30% more than I would have expected. However with todays 15% haircut , DGC management isnt getting as a good a deal as they thought.
I would have to think that Tony M believes he can reduce the AISC at Detour as well as improve the P/E ratio , presently sitting at a ludricous 300:1
Given his track record, I think Ill buy back in. Biggest risk seems to be if Trump and China start to play nice , POG will likely suffer