RE:RE:RE:RE:Financing probably in the worksThey didn't add shite, the gold was always there they just put it into a differant category and that's exactly what this management has done, produced a bankable gold reserve.
Geralds issue at Detour was building a mine during the worst downturn in the price of gold and probably the greatest price inflation the construction industry has seen since the post war era. He got screwed and Detour went up 10 fold shortly after he was fired and it had nothing to do with the clowns that replaced him.
We have a great reserve , probably 20 years worth which is about as much as anyone is going to pay us for so now it's time for Gerald to get selling and I think he will. Drills are turning so knows what will happen but I'm betting that these guys have more up their sleeves than they are letting on at present so I'm hanging in for awhile longer.
truthtotell wrote: At Detour he repeatedly said "on time and on budget" and they were late and over budget which pissed off the major shareholders which is why he is no longer there and an accountant is the CEO. I think his over-promising has hurt him again and that is why the release didn't impress the market. I was one of those expecting +7 million ounces. As for value for money spent, in 2015 NCA added a million ounces to the resource for a relative pittance. All that aside, this is a good deposit which need not be over-hyped.