GREY:HRIVF - Post by User
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Olderwisernowon Mar 19, 2009 12:54pm
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Post# 15855827
Detour Gold shares now worth 31 mill+
Detour Gold shares now worth 31 mill+Lest anyone forget. Detour Shares are also going up in value. Now at 31 million + If Detour goes back to old highs, they would have a value exceeding 77 million alone! Remember, value can change in these situation very rapidly. Debt does not change that fast, so it can work in your favour, or not as the assets change in value. That leverage is going to work in our favour here.IMO How? Everyone worries about the debts. So what if gold rockets and suddenly the debts seem small in comparison to cash flow and asset value. Do you have any idea how much the share price would change? Big and UP. That is the play my friends. That IS the speculation.IMO