Open pit mining ban to be lifted !, page-7

Yes, I think so too. I topped up at 3.14 last week.
I have been out on the internet and unable to find anything so far that would devalue the company like this.
Some negatives around are of course the Philippine attitude to mining at present but that is well known for some time and I have not come across any further developments on that front.
Then there is the policy of the new Government in NZ preventing new mines on conservation land. Apart from the Martha mine area at Waihi, OGC has prospects elsewhere on the Coromandel peninsula which has large areas of conservation land. Some exploration permits have been granted under the previous Government, I think. This new policy can affect future activity but not current production or expansion of the Martha area. Coromandel is capable of producing rich and extensive lodes. However, regardless of this, I cannot see it would cause such a re-rating of the company's value because the prospects are only that and have not added to any reserves/resources.