DGC: World-class gold deposit with 15.6 million ounces in reserves X $1300=
$ 20.2 Billions DGC= 1 site only, gold extraction only.
Actual price of shares: $6.79
http://www.detourgold.com/investors-centre/investors-briefcase/default.aspx Detour Gold started gold production at its Detour Lake Mine in February 2013. Currently, Detour Lake contains an open pit mineral reserve of 15.6 million ounces of gold using a cut-off grade of 0.5 g/t. Once fully operational, the mine is projected to produce an average of 657,000 ounces of gold annually over a period of 21.5 years.
On all their projects (1 country) :
606,853,000 tonnes of ore at 0.62 g / t ore (global average) = 8.432 million ounces of gold and 22,930,000 ounces of silver and 1.1 billion pounds of copper .
Gold = $ 10.961 billion ($ 1300/oz )
Ag = $ 458,600,000 ($ 20/oz )
Cu = $ 3.3 billion ($ 3/lbs )
Total = $ 14,719,000,000 (14.7 billions of $) Actual share price: $0.09 Source: http://ecuadorgoldandcopper.com/_resources/presentations/EGX_Presentation_January_2014.pdf EGX represent 60% of DGC resources. His share should be at least $4.00 when they will be in production.
What do you think about that? Is it a good invesment if you buy some shares at $0.10?