OGC oceanagold corporation
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valuation

  1. hercules007
    4,542 Posts.
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    05/02/09
    17:23
    Post #: 4765536
    Hi everyone, what value would you put on OGC? here is my attempt:

    say yearly production 270,000 oz, 100,000 oz go into the hedge book getting $77.3m, 170,000 oz get spot say $1500 average poz netting $255m. Total revenue $332m. Obviously market value of NZD$100m at current price is too low. I see OGC easily double or even triple in 12 month time. And I don't see gold price going significantly lower in the foreseeable future.

    Any comment?
    OGC Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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