NZ goldprice currently $1850+/oz - based on 2011 production of 300,000 ozs unhedged and cash costs of $NZ750 means a nice cash operating margin of $NZ330 million. Yes I'm looking long term but why not? We just have to get thru the release of the annual financials on Thursday - after which this should regain momentum following analysis remembering any write-down of Dipidio really means nothing as it still should be a valuable asset.
OGC Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held