HI ALL...I think it could be some people are finally realising how undervalued OGC IS..
i HAVE JUST DONE SOME COMPARISONS WITH OGC AND KCN[kingsgate] and couldnt believe the difference,here is what I have found. Please correct if any of it is wrong.
KCN OGC
SP 9.80 1.95
MC 950m 315m
SHARES 100m 160m
RES 1.5m oz 3m oz
PROD 120000oz/yr 300000oz/yr
COST $360/oz $380/oz
I strongly believe that OGC is worth closer to $5/share.
And on top of this they have the copper at Dipido.A 42% increase of resource at Macraes is very encouraging.
Good Luck ........
PS...I also compared it to CGX which I think is undervalued as well,although it is not a very liquid stock.
I hold OGC and BMN.
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