"a multi-month positive divergence deserves serious attention."
Hi GlimmerTwins - Let's hope this is good, but may take some time to work out I guess.
I was lucky to be invested in Pelangio which held approx 50% of Detour Gold, so found out about TWD when looking at Detour Gold.
Correct me if I'm wrong, and this is simplistic, but (18 July 08):
TWD has 1.3 moz (50% of 2.7 moz) at Detour Lake, & mcap of C$9m
Detour Gold has 10.8 moz measured and indicated & mcap of C$840m
TWD > C$ 7 per oz (similar grade and location to DGC?)
DGC > C$77 per oz
TWD approx (and fairly consistent) 10% valuation of DGC, plus other projects and more prospects? (however pelangio has remained 25-30% undervalued for a long time on its DGC shares)
TWD seems like a good prospect, but how much of a hurry will there be to buy up TWD's resource, if that's what is likely?
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ALSO - When looking through mining in this area, I came across Raddison Mining and Queenston Mining - both looked good in their way, but I haven't invested. Just seems gold (and some oil) companies look cheap right now, but afraid I don't have lots of spare cash to invest. May top up a little more on TWD at $7 per oz though.
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