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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

Comment by LedtoBelieveon Apr 08, 2022 11:10am
83 Views
Post# 34587858

RE:It,s Coming Big Time

RE:It,s Coming Big Time Add to this factor is Russia's recent decision to peg it's Ruble to the price of gold whereby it is now paying 5000 rubles for 1 gram of gold, and to force many buyers of any of it's commodities to pay for them in Russian Rubles.
If you look at the chart of the Russian Ruble, it's price has recently stabilized as a result, and is now about the same as it's value 6 months ago.
What this also means with this 5000 ruble coversion is a bottom base for the price of Gold which may likely make it more difficult for the powers to be to manipulate the price of Gold downward.
Only time will tell of course, but physical supplies of gold and silver that can be purchased are also at a historic low in addition to other metals which Goldy63 has already indicated.
We are certainly living in interesting times, and we shouldn't be relying on mainstream news to guide us through them, as they are just as corrupt as the governments, and other global agencies that are running things.
ORX at least has Agnieco Eagle to finance its drilling operations, and also requires more ore going forward, so yes it is frustrating to see it's price stuck at 5 cents, but it would be much worse if ORX needed to finance future drilling campaigns by issuing more stock at this ridiculous 5 cent price.

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