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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
Comment by jfan22on Apr 13, 2020 4:14pm
67 Views
Post# 30904676

RE:RE:Mirado

RE:RE:MiradoI agree with both of you. Great to see other long term holders on this forum showing positivity.

As I've previously commented, Mirado needs permits to move forward to mining. The path to permits can be lengthy depending and is usually at least 1 year start-to-finish. Management has not communicated whether that process has been started, but I'd bet that it has been. Westwood (which orefinders had previously held a brief milling agreement with) has announced it is adjusting LOM plans and reduced it's guidance. This likely means there will be added space in their mill, and potential for synergies with orefinders (so long as the ores blend well). But agin, no deals can be finalized until we're permitted for mining. I'd expect something to happen in the next year.
https://www.iamgold.com/English/investors/news-releases/news-releases-details/2019/IAMGOLD-Announces-Westwood-Gold-Mine-Workforce-Reduction/default.aspx

If we can continue to hold above 0.07 (which I think we will), more than $500k in options and warrant will be "in the money", adding to the cash Orefinders has on hand if they choose to exercise. Sprott holds about $350k worth of warrants at $0.08.

Overall, Orefinders is very well financed at the moment and if we can hold these price levels will have even more cash in the near term with little-to-no dillution.

Orefinders has many exciting days ahead.
Bullboard Posts