OceanaGold Corp T.OGC

Happy New Year

[Esther1]

Best guess of OGC price in next 12 months given current Gold and Copper prices:

Assumptions:

Gold Equiv  Ounces prod.   475,000
AISC                                     1.050 
OGC rating  - 6  times Revenue minus AISC



1825  - 1,050 x 475,000 = 368.1 x 6 =                                      2.2 billion US

Current Enterprise value at $2.20 Canadian 
Debt 343 million US and market cap at 1,224 million US
or                                                                                         $1,567 million US 

difference                                                                                  633 million US

%   undervalued                                                                                           40.4%


What stock price should be given assumptions as well as current currency     $3.09 Can

Lots of upside is things progress well and market revalues the 6 to 1 to a more normal 8 to 1 valuation for these type of assets as well as much higher production and slightly lower AISC possibilities.( near future))   Of course things may not progress as planned.  So fairly   conservative accounting based on most probable outcomes. ( in my opinion)

Just having fun at a guess based on foundamentals and current situation.  We will see how guess pans out.   Will be satisfied if it does, if gold price does not increase.

[yogi33]

Price is a big yikes.  Lots of debt, and uncertainty with Didipio expenses to bring this back to life. Another shutdown for a few weeks could be a death knell.  What does the market know that shareholders don't?  This might be a wait and see yogi...

[Esther1]

This stock is acting as well or better than most in the last 12 months.  What is ailing OGC is what is ailing all the otrher gold miners. ( sentiment)  https://www.kitco.com/stocks/tsx.html    

[uggg]

Exactly Esther, and there's guys posting that same cr#p all over the gold space. If you don't like gold move on. Gold stocks are not a smooth ride.

[yogi33]

returns in the last month on 5 other random gold stocks: - Torex - down 9.4% - Westdome - down 4.5% - Centerra - up 15.2% - New Gold - down 1% - Alamos - down 6.4% - Oceanagold - down 26.4%

[uggg]

You should work for the Biden administration. In the last month OGC is down 13%.

[Esther1]

1) it is obvious some of you need real numbers to put OGC`s performance in perspective. 2) As can be seen by my posts over the last year, I have certainly pointed out the concerns for investors in this stock, as well as the potential gains, IF the company is able to execute as advised in 2022.  3) You need to be unattached to your investments emotionally to make money consistently, and never