It's certainly been gutting to watch a 250,000+oz producer fall so far on esp. when I paid 2.60 thinking they were good buying to now see them priced as like a explorer seems plan crazy -bad hedging , cashflow prob's for development certainly the core driver of the massive fall from grace still seems like the market is pricing OGC's Didipio Gold Copper Project at all any more.
IMHO Gold's going alot higher from here which should in-turn help OGC get Didipo back on track a decent annoucement on such would turn this Dog into a future major ASX producer which will get major market support and a major bounce in SP
As at 31 December 2007, OceanaGold had total Measured and Indicated Mineral Resources of 5.88Moz of gold and 0.29Mt of copper and Inferred Mineral Resources of 2.73Moz of gold and 0.06Mt of copper. This includes Mineral Reserves of 3.48Moz of gold and 0.19Mt of copper
I
OGC Price at posting:
39.5¢ Sentiment: ST Buy Disclosure: Held
