RE:Re:AnalystsMy analysis based on Gold Price - AISC x 2022 production x7.5 nets a price of around 3.15.
That assumes figures for 2022 operations are met. Also no Didipio. EV of around 1.5B US$
The multiple is somehat subjective but iI feel would be appropriate if company could ditch Didipio with no cost, and all progreses as planned. ( might even get a higher rating)
This price is consistent with my valuations since on this board. I had always used 1850 for gold, now I am using 1800.
I would love to see some board memnbers buying some shares. Shows some conviction instead of using our money, regarding Didipio.
Also wonder if anyone knows if former employees at Didipio have been contacted or any activity going on at Didipio. ( pre preparation)
It looks like the market and analysts have come to same conclusion I have, write off Didipio.
Seek legal means, if necessary to claim any mineral stockpiles and chattels that can be claimed in FTAA. ( I read it and looks like can do this) and also ensure that if Didipio ever restarts that you can initiate legal action to seek damages, unless can be proven OGC violated FTAA .
I am convinced that OGC will not rise much until this albatross is off their backs, or praise the lord approved. It sure seems a rational deal can be made here ( approval, sale, exit etc) considering the value of this mine. Perhaps that is what the two new directors are assisting with.
psych01 wrote: Y. I don't know where these analysts come up with such nonsense. Gold will become increasingly more important to virually every serious investor as time passes--money printing, crypto crises related to crypto mining environmental issues etc., and a host of global instabilites geopolitical, monetary and fiscal. Responsible mining is the key and Oceana is clearly showing leadership in NZ, Haile and will ultimately convince Mr. Duterte to sign a new FTAA.
That does not amount to SP $2.50. More like $4.00 or $5. IMO