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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (40714)	3/5/2018 5:40:11 PM
From: Goose94	Read Replies (1) of 203566

Detour Gold (DGC-T) top pick from Jon Case on BNN.ca Market Call PDAC Monday March 5th @ 1300ET Detour Gold is a Canadian producer with production of 625,000 ounces per year from its Detour Lake mines in Ontario. Detour’s near-term profile of the mine calls for production to dip in 2019 and 2020, with the company mining lower grade and high amounts of waste. I think some investors see no reason to own the name for the next 24 months on that basis, and as such it’s off 29 per cent over last year vs. comps down 12 per cent. In 2021, production jumps back up a cash flow should reach $250 million per year — a yield of 13 per cent. If you have a two-year time horizon, this company looks like a bargain. The book value on just only the mine PPE is $11 per share. Our NAV is $22 per share at $1,300 (0.5 times NAV).

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