OGC 0.00% $2.20 oceanagold corporation

There is the selling price of gold in $NZ which has fallen but...

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    There is the selling price of gold in $NZ which has fallen but there are also consumables such as diesel, reagents and steel which have fallen. Moreover, the increase in the $NZ which is up 18% on the $US also helps operating costs.

    With OGC operating costs lower than the hedged gold at around $NZ800/oz are important to remove drain on cash generation.

    Higher prices are better but it is the margin that is critical. I think OGC are cash positive on hedges and cash margin currently around $NZ800 on unhedged.

    The first quarter could be very positive.






 
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Currently unlisted public company.

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