Detour Gold Corp DRGDF

Thoughts

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There is no doubt that the feasibility study and the economics will ultimately determine whether Detour gets bought out or not.  Based so far on what I have come across even if the price of gold were to drop to $575 Detour would still have a pit containing in excess of 8 million ounces.  That is measured, indicated and inferred compared to roughly 13 million ounces at $700 gold price.  They have quite a bit of flexibility in that regard.
There is an old mining saying something to the effect that share prices go up and down but the ounces in the ground aren't going anywhere.  It's just a matter of time before some senior buys it up. A deposit this size is rare.   As I've mentioned before operating cash costs will be competitive compared to the world average cost of $450 an ounce.  ($430-$480).  If there is a negative with this project I would say it is the strip ratio being at 5.5 -6 but it is what it is.  A 800,000 ounce producer with cash cost of $450 would be attractive to some of the big boys.
With respect to Osisko (my favourite) their 6.3 million ounces at a cutoff of .36 does not include South Barnat which should have 2-3 million ounces at an average grade close to 2.  Also a much better strip ratio and lower power costs. As well if the gold price went down to $500 Osisko would still have a pit close to 5 million ounces excluding Barnat zone.  Lots of flexibility there as well. 
Of the two Osisko has the better capability and technical expertise to bring mine to fruition on its own without a takeover.