re: Ann: OceanaGold Announces Third Quarter 2... Annualising...

re: Ann: OceanaGold Announces Third Quarter 2... Annualising this quarters results puts OGC on under 3x EPS.

BDR is something like 5x, MML 6x. I know PEx is not the preferred approach to value a goldie, but gives an indication all the same, that would make OGC worth $3 ATM.

A presentation was suggesting a FCF yield of 27% in 2015, for when the SP was $1.80 - see pg 17 of the sep 23 presentation quoting Canaccord Genuity. So ATM - $1.74 - that would be 48 cps - so we are on 3.6x 2015 FCF based on that. 5.5x would be $2.60 ATM - I would think that should be the absolute minimum SP now that Didipio is proven.