Hi everyone, what value would you put on OGC? here is my attempt:
say yearly production 270,000 oz, 100,000 oz go into the hedge book getting $77.3m, 170,000 oz get spot say $1500 average poz netting $255m. Total revenue $332m. Obviously market value of NZD$100m at current price is too low. I see OGC easily double or even triple in 12 month time. And I don't see gold price going significantly lower in the foreseeable future.
Any comment?
Hi everyone, what value would you put on OGC? here is my...
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