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OceanaGold Corp T.OGC

Alternate Symbol(s):  OCANF

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

Bullboard Posts
Comment by konzelmannon May 07, 2010 9:01pm
292 Views
Post# 17076409

RE: RE: RE: RE: ba$tards trying to weed out our 70

RE: RE: RE: RE: ba$tards trying to weed out our 70Many other solid gold producers in the red today also.  Not concerned, because in the end it's the price of gold that will determine where this stock goes.  Right now I'm looking at $1200 gold and smiling.  $1250 here we come.  Do the math on 280,000 oz's being sold at $1200, subtract costs.  This is a no brainer $4 stock, people just don't realize it yet.  Could be much more too if you're more aggressive on your estimations and your math.

Whole market is in stupid 'sell everything' mode due to fear.  When people stop being afraid they'll look at the price of gold, look at the price of this stock, and realize how undervalued it is.  Be greedy when others are fearful.  If you're always buying when everyone else is buying, you're probably buying the high.  Now is a good time to be a buyer (of other stocks too) because people aren't acting rationally.

Its attractive at any price under $5, because that's how undervalued it is.  Even then, you could argue that it's still attractive from a speculative point of view.  Any way you crunch the numbers, or any comparisons you make, this stock is stupidly undervalued right now.  You think it might go a bit lower?  With 'Greece Woes' who knows.  What I do know is that holding out for the 'best price' could easily result in missing the boat on this one because its already stupidly undervalued.  When we're looking at a potential double or triple like this one, does it matter if you bought 10 cents too soon?  I don't think so. But that's just me.  Good luck trying to get the absolute bottom.

Anyone who doesn't trust that they can perfectly time their purchase should probably be building a position now with the plan to add on any dips because they are great buying opps.
Bullboard Posts