RE:Re: RE:Another good comparableReality is this stock is the most leveraged of the midtier producers to the gold price due to its resource base. Gamechanger is the WKP lodes. Main hurdles here are the enviromental, but since its underground should not be an issue. they have to horizontal tunnel under the enviromental reserve to access the lode . So far we have 1million ounce resource at 12.5gpt. Odds are this will deliver 100,000 12gpt ounce pa for a decade or more. AISC will be sub US$500 at that grade . These WKP lodes, once approved for mining and with more definition could be worth $1 a share at US$2000 gold
On top of that is the optionality at Macraes in a high gold price enviroment with its 4million ounce resource
It has been an ugly year for OGC. I give it another 12 months to see if the new guy delivers