By the way just to correct the earlier post,  . Annual production from Didipio is 100,000 oz Au and 14,000 oz Cu. 

The actual estimated annual production from Didipio is 100,000 ozs GOLD and 14,000 tonnes of Copper, which is equivalent to over 30 million LBS of copper

That equates to about 270 million $ worth of sales annually from Didipio at current metal prices and with terrific economics. 150 million from gold and 120 million  from copper in gross sales.

Add the NZ production to the upcoming Didipio mine and you will see gross annual revenues of over 675 million $ ,US which exceeds OGC current market cap of 625 million CAD.

OGC currently trading at 11.5  P/E  which is certainly lower than most in the peer group. If fact i see several explorers valued higher with less in ground and no production ,  with the huge costs of permitting and construction still to come.

OGC getting very little valuation and respect for their operations and the gold /copper reserves and resources, and seems like 0 for the projected growth.

Another good play is Oceana Gold.  I think we are all trading the same stocks. lol It just goes to show you how many undervalued miners there are in the market.  I think come October we will all be looking great if we just hold on and add at any dips.  Good Luck!!

American Bonanza is the only PM play that I own that has not moved up with the price of gold.  When they announce production in 4-8 weeks the price should double!!

Well, much worse cash costs than expected so earnings not as good as one hoped. I'm not sellling any though. OGC is already selling 30% below its peak when gold was at around 1200. You can't find any producer with similar production for this price, plus we've got Didipio coming online in 15 months which will bring cash costs down significantly. Still a strong buy despite a worse than expected quarter. They still trade below 5 in P/CF using the first half of 2011 as guidance.

They sold off today as if they lost money on the quarter.  Way undervalued, I'm just glad I didn't have much in this play and I originally bought at $2.50.

The 5 Companies in the Gold Industry With the Lowest Enterprise Value to Sales Ratio (OCANF, GSS, NXG, NEM, JAG)

Oceana hasn't made anyone happy (beside the shorts) lately. It is just one of those stocks that simply has to go higher because of the company's underlying strength, despite an awful technical outlook. Oceana has great assets, a lot of cash on hand, operates in safe jurisdictions and has a boost in production coming up next year. The NZ dollar has come down a little bit versus the US dollar, so cash costs shouldn't keep climbing this quarter. Plus, the major move we've had in gold has more than made up for any currency-induced losses. I can't imagine Oceana not being in ATH territory by this time next year if gold stays strong. http://www.economicfreefall.com/2011/08/what-are-our-miners-doing.html

Mr. Mick Wilkes reports

OCEANAGOLD PROGRESS UPDATE ON THE DIDIPIO PROJECT

OceanaGold Corp. is providing a progress update on construction activities at the Didipio project located in northern Luzon, Philippines.

Mick Wilkes, managing director and chief executive officer, commented: "We continue to make good progress on construction activities at Didipio, with the key milestone of pouring first concrete on schedule in November, 2011. Mining activity is on track to commence in January, 2012, and we expect to commission the process plant in fourth quarter 2012. This project will transform OceanaGold, producing on average 100,000 ounces of gold and 14,000 tonnes of copper at cash costs net of byproduct credits of $356 (U.S.) per ounce of gold over a 16-year mine life."

Progress highlights

A total of 258 people have been engaged for construction of the project, which commenced in June, of whom 25 are managers, engineers or supervisors.

http://www.economicfreefall.com/2011/09/what-will-gold-stocks-do.html

And Amen to your comments about Oceana!

Up over 10% today, it was a bit under the radar imo. Perhaps some bigger players taking an interest here.