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Message: SGR vs. Detour Gold

SGR vs. Detour Gold

posted on Aug 07, 2008 05:24PM

In looking at that list of possible take-over targets, I could not help wonder why Detour Gold is trading at $17.70 whereas SGR is trading at less than 1/10yth of that value. Yet we have a good resource and are on the verge of being break-even. Elementwise, would you be interested in studying the two companies and giving us a comparison?

NL



Detour Gold Corporation
2007 earnings: $11.9-million loss
2007 revenue: $1.1-million
Assets: $128-million
Shares: Closed Wednesday at $17.70
Detour Gold is working on a project at Detour Lake in northeastern Ontario. The site produced 1.8 million ounces of gold from 1983 to 1999, and the company hopes to get at 10.8 million ounces of gold in the measured and indicated category.


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