OceanaGold Corp T.OGC

Alternate Symbol(s): OCANF

Metals & Mining Gold

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. It produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.

TSX:OGC - Post by User

OceanaGold Corp

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Post by Original_Brailaon Dec 21, 2009 9:44am

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Post# 16606589

O B Research

I am the writer of that report that I saw was linked here before.

https://www.scribd.com/doc/23738127/OceanaGold-corp-Dec-2009

I have been in contact with the management of a few of these companies during this process including of course OceanaGold several times.

If you have any questions about the report and how I have been calculating please feel free to post it here or inbox me.

I will do my best to answer when I know and say so when I do not know.

This piece was originally posted in Sweden and my guess is that Swedish investors hold at least 2% of the company including my holding.

I recently read the CIBC report that used 1400 usd gold for 2011 to derive the target prices for the companies they watch. Using the reasonable 480 usd cash cost for that year this would mean a price earning (not cash flow) of slightly over 2.

The mines in production has about 20 years reserves & resources so 300 mcad MCAP when peers like New Gold has a 1500 MCAP is for me the greatest chance I´ve come across in a long time. The risk reward factor is extremely attractive. Please have a look and come with comments.

Regards

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Geologica Resource: Polymetallic upside at a depressed price