Does anyone want to share a fundamental view of this stock?
Negative cash costs in the Philipenes and also strong cash flow generation even when utilising the high-side cash cost of $850/oz.
I think at $1.20 this stock is a a good buy from a fundamental perspective even facing a volatile gold price in the near term.
The market for gold stocks however, is very negative so despite the business case, it is not a screaming buy yet. If things settle down, I would expect this stock to trend towards $1.70 as the next level of resistance, representing substantial upside from here.
OGC Price at posting:
$1.23 Sentiment: None Disclosure: Not Held