Hi guys,I'm a new clown in the equities circus so thought I...

Hi guys,

I'm a new clown in the equities circus so thought I would seek some of your opinions regarding the prospects for OGC.

I hold a couple of small parcels of the stock that I purchased in the first two weeks of Feb, and after tomorrow morning it may be all I have left of my first share purchases - QBE stopped out last Fri, RIO today, and LEI and AWC are likely to go the same way tomorrow. OGC was my only speculative buy - might trust my copious gut more in the future ;)

By no means do I want to talk OGC down, but am I right that the big picture is:

* to-date, there has only been enough cash flow to cover operating and some mine development, and current forward sales limit profit to 2011;

* cash reserves are presently low, but the present cash at hand and revenue (with the current POG) is more than sufficient for 2009;

* the company's debt is not of concern in 2009;

* development at Didipio (the long-promised Climax/OGC Holy Grail) has considerable risk associated with it due to the possibility of resumption by the RP government, unhappy locals, and the availability of funds.

The upside is largely based on the potential for great profits if Didipio gets going?

Is that the big picture in a nutshell? I prefer to look like an idiot in words rather than finances, feel free to tear me to shreds. Would you like to gaze into your crystal balls and make a SP prediction for June and beyond, with/without new news?

P.S. Sorry for a rather long post.