Without going too far into the weeds, some months ago, approx. Sept., OGC released an update on the Haile operation. To my mind, it made very grim reading. It calls into question the whole idea of "sustaining" capital expenditure and "growth" capex. Except there isn't any growth! They are going to spend something like $270 million over the next 2 years at Haile. Meditate on that for a while before you try to tell me this stock is cheap.
OGC Price at posting:
$2.01 Sentiment: None Disclosure: Not Held