Detour Gold Corp DRGDF

Blood on the streets for the mining sector

[CaptainHindsight]

Billionaire John Paulson hedge fnd Paulson & Co is Detours largest investor owning roughly 13%
BMO capital markets purchased 17.5 million shares at $8.75
More than 15.6 million ounces -expected to increase to 20 million ounces
Becoming one of Canada's largest operating gold mines

First gold pour Feb. 2013
Still ramping up to full scale production - and increasing efficiency of the mine
21.5 year mine life
630 sq km land package
forecast to produce 657,000 ounces per year for 21 years at a total cash cost of $749, projecting annual cashflow of $360 million or about $3 per share once the mine is running at full speed
Grams per tonne in Q4 will be about double the grade (1.27 g/ton of that processed during Q3 2013 (0.57 g/ton)

compared to Kinross and Barrick, this stock should be a market darling. Detour has no need to lose billions in write downs making any aquisitions, they have the land, they have cash, infastructure and mill, equipment and manpower, and as an open pit operation they are less vulnerable to disruptions.
Take a look at virtually any gold stock and they've all been slaughtered. When the market sentiment turns and gold prices increase, DGC will be in a enviable posiion.