OGC 3.00% $2.40 oceanagold corporation

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    http://inflation.us/blog/new-nia-stock-suggestion-largest-new-zealand-gold-miner/

    New NIA Stock Suggestion (Largest New Zealand Gold Miner)
    Saturday, 29 March, 2014 1:56 AM
    NIA's most recent New Zealand stock suggestion skyrocketed from NIA's pick price of $1.30 to a high of $2.12 for a gain of 63%. With the New Zealand Dollar today reaching a new 33-month high vs. the U.S. Dollar, making it the world's strongest currency, NIA believes stocks with New Zealand based assets are about to become the biggest gainers of 2014. Therefore, NIA has decided to announce its #1 favorite New Zealand gold miner as its brand new stock suggestion: OceanaGold (TSX: OGC), currently $2.48 per share.
    In NIA's opinion, gold stocks are currently at a short-term bottom and are about to skyrocket to new highs for 2014. OGC is the strongest gold stock in the world today and NIA believes it will outperform just about every other producing gold miner for the rest of 2014!
    OGC is a significant multinational gold producer with a portfolio of operating, development and exploration assets. OGC has built a strong business in New Zealand, operating three mines – Macraes Open Pit (New Zealand's largest producing gold mine), Frasers Underground and the Reefton Open Pit mines. In the northern Philippines, commissioning of OGC's high grade gold-copper Didipio Project commenced in Q4 2012, as planned. The first copper concentrate was produced in December 2012 and commercial production was declared as of April 1, 2013.
    In 2013, OGC produced 325,732 oz of gold up 40% from 2012 production of 232,909 oz, making OGC one of the fastest growing gold miners. OGC is currently trading with an enterprise value/revenue ratio of only 1.75 and an enterprise value/EBITDA ratio of only 4.19, making it EXTREMELY undervalued and giving it HUGE short-term upside!
    For 2014, OGC is projecting gold production cash costs of only $400-$450 per oz with all-in sustaining costs of $750-$850 per oz, making OGC one of the lowest cost gold producers in the world. OGC just implemented major cost reductions and should be one of the most profitable and cash flow positive gold producers of 2014!
    OGC just announced that it now has 3.14 million oz of proven/probable gold reserves and 0.21 Mt of proven/probable copper reserves! This is in addition to a measured & indicated resource of 8.34 million oz of gold, 9.48 million oz of silver, and 0.26 Mt of copper. OGC also has an inferred resource of 3.7 million oz of gold, 1.9 million oz of silver, and 0.03 Mt of copper. All together, OGC has a total reserve/resource base of 15.18 million oz of gold, 11.38 million oz of silver, and 0.5 Mt of copper!
    NIA will have a lot more information on OGC this evening! NIA's suggestion of OGC is completely unbiased!
    NIA is not an investment advisor and is not making any target prices or financial projections. Never invest based on anything NIA says. Always do your own research and make your own investment decisions. NIA never recommends to buy or sell any stock.

 
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