"So just work on Value of 3 producing assetsDefinitely worth $1 billion AUD in my mind"
Exactly what I wanted to comment on. Actully OGC has 700m shares on float. If that's the case, Col you are talking about valuation of A$1.50/share, which is a long way down to go!
But when I did a rough calculation, based on the latest quarterly and disregard Didipio, the 3 mines production will be:
prod (koz) aisc (US$) haile 36.8 1106 waihi 15.3 778 macraes 37.6 1262
Annualised total production 358.8koz, with weighted AISC US$1115/oz. Given sale price of $1400 (OGC has a lot of hedging if memory is right), EBITDA is US$102m, give a PE of 10 would be ~US$700m, equals AU$1b.
This is pretty rudimentary valuation, but indeed gives me a stark view if without Didipio and the other mines are not progressing as forecast.
Why the Philipines injuction appeal takes so long?
"So just work on Value of 3 producing assetsDefinitely worth $1...
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