Gold price all-time high in Brazilian Real was circa 4650 in Sept. Current price is 4550 Real, so only a bee's dick shy of all-time high in the currency that counts for OGX.
The Real gold price is relevant to the profitabilty of the the on-going OGX Brazilian operations as most operational costs are demoniated in Real (e.g. miners' wages and local contractors' fees). It's a perfect time atm (with regards to gold price at least) for commencing gold mining for any Brazilian operation. If you cant make serious money at the current Real gold price then your operation must be a dud ...
OGX Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held