Earned ~$25 M for the quarter - annualized $100 M - ~$0.35/share - 10X earnings puts OGC @ ~$3.50/share.

Considering all the write downs, ie Barrick, Kinross, this is a v. decent mid-tier play. Au down, all this bad news for the majors I think is weighing on the sector as a whole. Man, mngmnt at some of these co.s have really screwed up over the past few years. No wonder the sector is out of favour. Need to be very diligent in separating the good apples from the rotten ones.