GREY:PTQMF - Post by User
Comment by
Bobwinson Oct 09, 2010 4:22pm
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Post# 17549092
RE: Other gold company investment?
RE: Other gold company investment?OGC.to is my biggest gold investment. Solid producer in safe New Zealand with 280--300K oz production annually. They have upside at their New Zealand mines in terms of resources but the big bump could come from their 60% completed Didipio project in the Philippines. Could possibly self finance or get a JV partner to put it in production by 2013. Didipio is a big copper/gold project. The near term catalyst for OGC is the recent elimination of their hedges. Should produce big increases in cashflow and eps as their revs and net profits zoom compared to hedge days.
Another similar dehedging story is Resolute Mining in Australia. RSG.ax/RMGGF.pk . Producing 350-400K oz. Just eliminated and neutralized their hedging recently. Again, should dramatically increase cashflow and eps.
Good luck, Bobwins