Interesting to note that the PE ratio is 8.7, imo 12 should be...

Interesting to note that the PE ratio is 8.7, imo 12 should be assigned to OGC which would give an SP of $3.00+.

Clearly that is where i think we are heading quite quickly, prior to the market working out that EPS will increase by 18.0 cents per share once we are hedge free at the end of the year.

This is based on todays POG and AUD$. An additional 18.0 EPS equates to approx $1.44 to the SP at current PE of 8.

OGC OceanaGold Corporation TSE CAD 2.23
OGC OceanaGold Corporation ASX AUD 2.22