new seeking alpha article ( good read ) After A 50% Drop, There Could Be Value In This Mid-Tier Gold Producer snip :
Combining the recent after-tax NPV estimates for Haile ($892 million), Waihi ($665 million) and Macraes ($325 million) at $1,500/oz gold prices, the company’s portfolio value is $1.9 billion, without factoring in a potential restart at Didipio. This works out to a price-to-net asset value ratio of around 0.5 times, while most of its mid-tier peers are trading between 0.9 and 1.4 times, implying clear upside for OceanaGold if it can get back on track.