Ok, I'm a little rusty on my Jr and Mid-Tier gold producers comparables, but...
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?
MontyHigh, www.worldofwallstreet.us
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?
MontyHigh, www.worldofwallstreet.us
You have it right. I've been writing about how undervalued they are since the stock was trading under $1: http://www.goldstockbull.com/articles/oceanagold-worlds-most-undervalued-gold-miner/
Posted by: Jason | July 22, 2010 at 01:35 PM