Mike Parkin, Merrill Lynch (9/4/12) "As of the end of August, Detour Gold Corp.'s Detour Lake project was 87% complete and as of July 31 the company had spent CA$1.07B of the planned CA$1.45B and had $462M in cash and short term investments. Detour is currently working to secure a $100M credit facility to provide financial flexibility during the first half of 2013 when the company is ramping up the mine to commercial production. . .we recognize the project has good exploration upside and that the company may consider a plant expansion after production begins in 2013, but both are longer-term value-adding possibilities."
Brad Humphrey, Raymond James (9/4/12) "Detour Gold Corp.'s Detour Lake continues to advance towards commissioning with overall construction now 87% complete. . .we continue to believe the company presents an attractive investment for investors at current levels, with any weakness in its share price a potential opportunity to add to positions. We are of the view that Detour Gold is as well prepared as any for its ramp-up with it clear on expectations for 2013."