GREY:DRGDF - Post by User
Post by
RedMarson May 07, 2008 8:19am
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Post# 15045724
Globe says stay on the right path with Detour Gold
Globe says stay on the right path with Detour GoldGlobe says stay on the right path with Detour Gold
Detour Gold Corp (C:DGC)
Shares Issued 44,809,400
Last Close 5/6/2008 $18.17
Wednesday May 07 2008 - In the News
The Globe and Mail reports in its Wednesday, May 7, edition that Detour Gold gained a straight 40 cents to close Tuesday on the Toronto Stock Exchange at $18.17. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a 52-week range of $5 to $21.54. Drill results at Detour Gold continue to show continuity of a wide mineralized zone at the idle Detour Lake gold mine in Ontario, say unnamed analysts at Wellington West Capital Markets. Detour Lake is estimated to contain 7.9 million ounces of gold. A feasibility study for a large open-pit mine is planned for late 2008. Wellington West rates the shares "buy." It targets the stock at $25. The stock was trading at $12.75 on Dec. 13 when Detour Gold was featured as a buy in the Eye On Equities column. Haywood Securities analyst Andrew Kaip increased his share price target to $17.20 from $12.50. The stock was a featured buy in The Globe's BNN Market Call column on Nov. 1. At that time the stock was trading at $9.05. BluMont Capital chief investment officer Veronika Hirsch said she was "fully expecting Detour Gold to have substantially larger resource than originally reported." She expected Detour stock to rally in 2008.
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