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Orecap Invest Corp V.OCI

Alternate Symbol(s):  ORFDF

Orecap Invest Corp. is a Canada-based company. The Company’s focus is on special situation investments in the natural resources sector, precious and critical metal assets and businesses. The Company has equity positions in portfolio companies, such as American Eagle Gold, QC Copper and Gold, Mistango, Awale Resources and Cuprum Corp., in addition to owning a broad portfolio of land packages focused on gold, copper and zinc. The Company’s portfolio includes American Eagle Gold, QC Copper and Gold, Mistango River Resources, Awale Resources, and Cuprum Corp. Its American Eagle Gold is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. QC Copper is focused on acquiring and developing copper projects in the Chibougamau region. The Company owns several gold projects: the Mirado project near Kirkland Lake, the Knight project in the Shining Tree District and the McGarry Project near Virginiatown, Ontario.


TSXV:OCI - Post by User

Bullboard Posts
Comment by Poriemonon Mar 01, 2017 10:12am
81 Views
Post# 25911520

RE:RE:RE:From MD&A

RE:RE:RE:From MD&Apearlsinmining,

From Stewart's email he mentioned, "while I won’t rule out any additional payments from the mill, I also wouldn’t bet on it". This leads me to think there are unlikely to be additional payments.

Per the MD&A posted yesterday:

"
As at February 28, 2017, the Company has thus far recovered 1,414 gold ounces in the form of good delivery bullion which in turn was sold into the spot market. After accounting for refining and foreign exchange costs the Company received $2,305,912 Cdn against all-in costs of production of $2,367,534 Cdn."

The "thus far" part of that is confusing, but that implies to me that anything else is just upside. Payments were not made in kind, looks like the company just got screwed somewhere, to the tune of $2 millionish based on expected recoveries.
Bullboard Posts