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Orecap Invest Corp V.OCI

Alternate Symbol(s):  ORFDF

Orecap Invest Corp. is engaged in exploration, development and production of exploration and evaluation assets in Canada. Its projects include Mirado Project, McGarry Project, Knight Project, Grizzly Project and GSL Zinc Project. The Mirado gold project is located over 35 kilometers (km) southeast of the gold mining town of Kirkland Lake in northeastern Ontario. The focus of the Mirado Gold Project consists of 12 contiguous patented claims. The McGarry property is in Virginiatown, Ontario, within the Abitibi Greenstone Belt. The McGarry project encompasses 681 hectares and is comprised of 46 patented mining claims and five mining licenses. The Knight Project is located along highway 560 in the Knight and Tyrell townships of Ontario, approximately 80 km east of Gogama and over 100 km southwest of Kirkland Lake. The GSL Zinc Project is a 60,000-hectare property in Northwest Alberta. The Company also holds controlling interest in a Thierry Copper Mine located in Pickle Lake, Ontario.


TSXV:OCI - Post by User

Bullboard Posts
Post by LedtoBelieveon Aug 23, 2018 9:34pm
79 Views
Post# 28509564

RE: Rumour

RE: Rumour
Kirkland Lake Gold states its latest cash position at $318.4 million, and the latest net quarterly income was $61 million, and it does have mining activity already in the same part of the province as McGarry. It does have an aggressive growth strategy to get to 1 million ozs of annual production. Similarly, Osisko reports latest cash position at $150 million, (as of quarter 1, 2018), while the Fully Diluted Cash position is $280. (Not sure what fully diluted means). It has mining activities in the Quebec portion of Abitibi. ORX needs some form of income in the next year or year and a half, or it could conceivably run out of cash. Perhaps strategic partnerships are in order rather than an outright sale, but all this is speculation. I am anxious to see the updated geophysicals in the near future. Perhaps Stephen has already given both Kirkland Lake Gold and Osisko a pre showing, and they want to see more. We shall see.
Bullboard Posts