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Detour Gold Corp DRGDF



GREY:DRGDF - Post by User

Comment by Terrebonneon Oct 26, 2017 6:58pm
215 Views
Post# 26865613

RE:Terrabonne and ugrad

RE:Terrabonne and ugradMartman16, the composition of the company' BoD has always puzzled me. Compared to other mining companies, DGC is about as simple as it can get. One project. One commodity. One (very safe) jurisdiction. One focus: control production cost. That suggests to me that the BoD should consist of engineers, geos, operating people with proven track records of success in hands-on management of a cost-challenged mine, plus one or two non-mining business people who can bring a different perspective to the table. In the circumstances, a five member board would be ideal. But, look at what we're saddled with: 4 accountants; 2 lawyers; 1 human resource professional; 1 geo; and, 1 engineer. There's something seriously wrong with this picture. Btw, I'm not making a pitch to join the BoD: as it happens, I'm an accountant, and we've already got too many accountants. Obviously, gold price is the most important value driver for this company, but we cannot control the gold price. We CAN control costs, and I always wonder whether we've got the best team for that.
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