While Dipidio is clearly a winner, the current operating NZ gold mines are not so much. One option OGC could consider is buying back the 60% of Sams Creek they do not still own from MOD. It looks a good sizeabe prospect (albeit in an environmentally sensitive area) and with MOD now diverting all their attention and resources towards Botswana, the time is right to pick it up for a song? MOD is capitalised at $7M so chump change for OGC, even with just Dipidio cashflow to play with. Thoughts?
OGC Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
