re: Ann: OGC 2009 Qtr 4 Production Report Upd...
OGC seems to have more resources than I previously thought. Total resource in NZ are 3.78moz measured and indicated and 3.01moz inferred. Am I right to add them all up to get 6.79 million oz total resource? At didipio in the Philipines, measured and indicated resource is 2.05moz, and inferred resource is 0.33moz. All these add up to a global resource base of 9.17 million ounces. Reserve numbers are also higher: 1.57moz at Macrae, 0.37moz at Reefton, and 1.65moz at Didipio, for a total reserve of 3.59moz.
I think OGC is very undervalued at the moment.
OGC Price at posting:
$1.91 Sentiment: Buy Disclosure: Held
