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.
OGC Price at posting:
$1.95 Sentiment: Buy Disclosure: Held