I was reading a report from one of the major brokers on OGC. These guys had Waihi tagged as 3 year life of mine, despite the fact that it has replaced reserves for 28 years now. I think OGC will be due for a re-rate when some significant market players cotton on to the quality of the asset they have got from Newmont for $100M. This broker went as far as to say that Didipio was OGC's major asset. Within a couple of years, OGC will have three tier 1 assets in production. Not bad for a mid sized miner.
Cheers,
Tim.
OGC Price at posting:
$2.57 Sentiment: Buy Disclosure: Held