OGC 0.00% $2.20 oceanagold corporation

Ann: OGC Management Discussion and Analysis Repor, page-7

  1. JID
    3,676 Posts.
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    re: Ann: OGC Management Discussion and Analys... I agree. Sprott is an investor and they are very astute. 8.3m oz in measured and indicated resources. >300k oz p.a. and in lowest cost quartile.

    Looks like they might be high grading the NZ mines at present which will make the numbers look a bit better than otherwise right now.

    However, exploration approval in the Philippines could yield some more low cost oz in the year ahead that will really put them on the T/O radar.

    I'd like management to start talking about a dividend policy for Fy15 when they are debt free.

    IMO it shows that within the gold sector there have been some babies thrown out with the bathwater. OGC insanely profitable at these gold prices along with some others. Mouthwatering PE's available on some producers at present...

    Cheers
    John
 
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