Did you see the gold grades that Trelawney had to offer? They are similar to those being mined by Detour.
Trelawney's main asset is the advanced exploration Cote Lake project located in Ontario, Canada. On Feb. 24, 2012, Trelawney announced an updated mineral resource estimate for Cote Lake, comprising 35 million tonnes at 0.82 gram per tonne (g/t) gold for 930,000 ounces of indicated resources and 204 million tonnes at 0.91 g/t gold for 5.94 million ounces of inferred resources. Mineralization at Cote Lake has been intersected over a strike length of 1,200 metres, a horizontal width of 100 to 300 metres and a depth extent of more than 500 metres.
Trr was at 5.29 about 5-6 m onths ago (I Think it was that long from memeory). I AM GOLD waited and saved millions by buying in this bad market. Lets hope we are not up next, as TRR only got about a 50% permium above the share price before announcement. PB