nice call nonstop.
based on current POG, OGC hedges, AUD $0.91 and 280koz.
EPS would be 24.2, PE of 8 = SP $1.93
after 12 months and they have completed their hedging commitment, the same scernario as above would deliver EPS of 0.537, PE of 8 = $4.30.
the real re-rating will be once the hedging is gone in 12 months time!
