Detour Gold Corp DRGDF

This is from metal1650 from the PLG board

[fdfd55]

Thank you for great work  metal 1650



"I talked to the company today. News is coming this week which will make longs happy.

Ialso talked to TD Newcrest today about the price adjustment on DGC. Theanalyst comes across as a good guy, however I suspect he is not bullishon gold. He used a $100 oil price, $600 gold price and a $1.10 exchangein his NAV base case estimate of DGC. He said if gold averages $700,DGC is a winner and a multi-billion dollar company. His fear isgold may not continue upwards. I asked him of the potential of DGCadding to its resources, he agreed the zone is capable of many moreounces, but he would not include the extra ounces in his DGC NAV untilthe company upgrades their 43-101 in Nov/Dec.

I talked to himabout comparing to GEA. He prefers high-grade gold especially GEA'sBruce Channel discovery. He estimated Goldcorp offered $300/oz for GoldEagle on the assumption of a 5 million ounce resource inventory. Iasked what is a fair discount for low grade mine to a high grade mine,he shuffled around without an answer. He and I both agree there islittle reason in today's valuations that an investor should lookoutside the safety and mining friendly regions of Ontario and Quebec.

My beliefis DGC's ounces should not be valued any less than Cumberland's andMiramar's ounces up in Nunavut. Nunavut has issues with water permitsand along with BC is one of Canada's  highest cost areas to mine.Cumberland was bought by Agnico for $125/oz and Miramar was bought byNewmont for $135/oz. Both deposits are low grade,but in a much moredifficult mining environment than NE Ontario/Quebec.    

To summarize if you are right about the gold bull, PLG/DGC shares are going to make investors a fortune.

Hementioned another company he likes, but I won't reveal the name becausethis is a PLG/DGC member's board. You can email me if interested.

Cheers,"