Thanks for the view. My own analysis based upon discounting future cash flows shows a TP of $3.60 per share but I admit Didipio remains the key to any re-rate of the stock. In the half year I want to see a clear statement on production confidence from Didipio and Haile and greater confidence that OGC has control over its future capital as this capex combined with the debt is a drag on risk and therefore valuation. Let’s use the great free cash flow in 2022 to pay down debt and secure future ounces. I see better times ahead. DYOR.
OGC Price at posting:
$2.18 Sentiment: Buy Disclosure: Held