Study carefully the process of reworking old workings during the...

Study carefully the process of reworking old workings during the third quarter 2007, this minimised reurns and maximised costs until new ground was exposed. OGC now working new ground at Mcraes and also discovering new productive ground at Reefton. Costs per oz. therefore have now been reduced considerably, at the same time, the price of gold has risen from $600 to $900 per oz. The final issue in an expected geometric profit increase is the lack of hedging agreements. Once the results are published the market will rerate this company accordingly. It represents a lot better opportunity for a price multiple than an explorer. Stable government in NZ which favours producers over explorers also assist the company in growing its resources. The company holds agreements in the part of New Zealand which returned the most gold during the 1800's - Central Otago. So the company has potential upside in NZ and the Phillipines

But DYOR
"There is no Gold in NZ"
Australian Teacher to his student"