Detour Gold Corp DRGDF

RE:RE:No DILUTION!!!!

[bengram]

Maybe I'm missing something guys, but what are you guys seeing new in this technical report different from the recently released 2014 guidance that makes you so excited about the near-term?

I've only scanned through the actual technical report but my basic takeaway is that not much has changed from the original mine plan. Don't get me wrong, no changes to the downside = good news on a project this lucrative (btw, check out the actual NPV sensitivity tables they added to section 20; I like what I see). But other than that, I see recovery rate being better than expected and obviously the favorable move in the US$/Cnd$.

I'm still worried about a low cash balance combined with front-weighted SCAPEX and back-weighted production for 2014. I think we make it to full production in 2015 with gold where it's at now but there's not much room for error. I know it's unpopular around here, but a hedge for 150K ounces of production would not be an awful idea right now.

I'll be extremely interested to see if the conference call tomorrow is focused solely on the LoM update.