This week we are updating our thoughts on Oceanagold to reflect recent acquisitions and mergers. We are also introducing Almadex Minerals, which is a new royalty/exploration company. We also have updates on Medallion Resources and Great Lakes Graphite. 1: Oceanagold Oceanagold (TSX: OGC) (OCANF) is a company that we’ve discussed in the past, and it is generally one that we’ve liked. The primary reason was that we’ve liked the Didipio Project given the amount of cash-flow it can generate even in weak market conditions. Yet admittedly there wasn’t much beyond Didipio to like about the company, and we suspect that’s a reason Oceanagold shares traded at a relatively inexpensive multiple to the mine’s cash-flow potential. Its other assets have short life expectancies based on reserve estimates and they collectively weren’t low-opex assets. Meanwhile, the debt load was relatively high. Finally, the one salvaging asset that makes Oceanagold stand out–Didipio–is in the Philippines, which is
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