GREY:DRGDF - Post by User
Comment by
truthbetoldon Apr 12, 2012 11:01am
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Post# 19785553
RE: Gold Equities Gaining Credibility: Doug Groh
RE: Gold Equities Gaining Credibility: Doug Groh We anticipate that. Detour Gold will probably run up against similar issues. The project may not get the expected throughput initially, or recoveries might be a bit off. But management will make the necessary adjustments. In time, I anticipate management will deliver on its plan, with the typical hiccups along the way.
Can't disagree with this comment as it is pretty standard as far as what the market is looking for during ramp up. However Osisko had design and engineering problems that hopefully DGC has learned from and will make the necessary adjustments during the construction phase to ensure their crushers are adequate.
As far as valuation, the market is not giving commodity and especially the oil/gold stocks the valuation they deserve. Wait till the global central banks go on their next unprecedented monetary fiat inflating round of stimulus, and we'll see the commodity related stocks move. I think we'll have one more opportunity to sell at higher levels before the house of cards falls.
JMHO