Here's my read (tell me where I'm wrong) on today's Oceana Gold drill results (click here):o Grade and thickness is similar to what they are already mining.
o This continues the progress in increasing mine-life (which had been OGC.TO's biggest weakness).
o No progress on their other weakness: Lack of a clear growth path.
Still, very undervalued for a mid-tier, unhedged, in-production oz/year and cash-flow, especially when considering its very safe political situation.
I'm quite comfortable with my oversized position in this company.
Again, tell me where I have this wrong?