Alex Terentiew, Credit Suisse (10/4/11) "Detour Gold Corp. continues its march towards production by Q113, on time and on budget; the project is now fully financed, and the high tonnage operation should benefit from the projected strength in gold prices. We expect ongoing exploration updates, and with the recent acquisition of Trade Winds, we expect that the company will focus on replacing lower grade tons in its resource with higher grade material. . .we are increasing our target price to CAD$46/share and maintain our rating at Outperform."
The Gold Report Interview with Steven Butler (10/3/11) "It's already booked a reserve of 13 Moz. and counting. It has raised all the required amount of capital that it needs to build the project. It is substantially advanced. The odds of M&A are not necessarily 100%, of course. For Detour, the attraction is that this deposit is already a large reserve at a conservative gold price and there is potential for Detour Lake to produce over 600 Koz./yr. when the mine starts up in less than two years.
The site construction is well underway. In a Jan. 11 update, the company said average annual production was 657 Koz./year. There is potential for it to be large enough to be of relevance to a number of other companies. Detour is trading at about 0.5 times net asset value (NAV), while the senior and intermediate group is trading at about 0.9 times NAV. This could be enough of a value spread whereby valuation and production accretion would make sense. . .[Detour has] the potential production on full rampup of over 600 Koz./yr., enough to move the dial for anybody."