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Orecap Invest Corp V.OCI

Alternate Symbol(s):  ORFDF

Orecap Invest Corp. is a Canada-based company. The Company seeks special situation investments in the natural resource sector that offer diverse exposure to high returns on precious and critical metal assets and businesses. The Company has equity positions in portfolio companies, such as American Eagle Gold Corp., XXIX Metal Corp., Mistango River Resources Inc., and Awale Resources Limited, in addition to owning a portfolio of land packages focused on gold, copper and zinc. American Eagle Gold Corp. is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. Mistango River Resources, Inc. owns two flagship properties, such as Kirkland West and Omega project. Awale Resources Limited is a mineral exploration company focused on the discovery of large, high-grade gold and copper-gold deposits. XXIX Metal Corp. is focused on advancing both its Opemiska and Thierry Copper projects.


TSXV:OCI - Post by User

Bullboard Posts
Comment by paulindoonon May 16, 2020 9:03am
172 Views
Post# 31037519

RE:RE:RE:RE:The Crux of the Matter

RE:RE:RE:RE:The Crux of the MatterHey.<a class="PostUser" style="box-sizing: inherit; outline: 0px; background-color: transparent; line-height: inherit; color: rgb(46, 104, 191); cursor: pointer; font-weight: 700; font-family: Tahoma; font-size: 14px; white-space: nowrap; -webkit-text-size-adjust: 100%;">Zooloo</a>...I find myself unresolved re the future of Mirado. On one hand Stephen, for years, has maintained that M&amp;A must be in the cards for majors are starting to run out of good prosperities to develop (after Juniors prove them up &amp; sell). Also note that average Au grades have been declining at most mines so Au inventories are dropping. Majors are on lookout to replenish those reserves.<br /> <br /> So. Mirado could be within the sights of someone - as a matter of fact, Stephen did disclose a couple years ago, that the property was visited and looked over by several parties.I do not think, as beautiful as The Abitibi is; that those parties were there to walk the land and enjoy nature!!<br /> <br /> But I will also point out that whenever in past I discussed (emails) with CEO, he stated that what was holding up initiating the pit mining on Mirado, was achieving a beneficial (to both parties) of a custom milling contract. None were achieved as far as I know. Westwood Mill did Mirado&#39;s small (&quot;<span style="caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); font-family: Poppins, sans-serif; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: rgb(250, 250, 250);">Orefinders has completed the crushing phase of the project with over 26,000 tonnes of resource that will be sent to the Westwood Mill&quot; - &nbsp;</span><a href="https://www.orefinders.ca/october-13-2016/">https://www.orefinders.ca/october-13-2016/</a>&nbsp;)<span style="caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); font-family: Poppins, sans-serif; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: rgb(250, 250, 250);">&nbsp;</span>but &nbsp;profitable trial mining (&quot;<span style="caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); font-family: Poppins, sans-serif; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: rgb(250, 250, 250);">consisting of 1,414 refined Good Delivery gold ounces&quot; -&nbsp;</span><a href="https://www.orefinders.ca/february-22-2017/">https://www.orefinders.ca/february-22-2017/</a>&nbsp;)&nbsp;whose data was used to develop the Mirado PEA, unlike most other PEA&#39;s wher estimates are used by their company&#39;s.<br /> <br /> Imagine what the PEA or Mirado, released January &#39;18, would state today if updated to current prices. Au (current US$1753) but similar Cdn$ (1US$ = Cdn$0.709). I will also point out that a MAJOR cost of mining is energy (diesel) consumption. With oil being dn to today&#39;s price (US$29 vs Jan 2018 of US$66) the PEA will undoubtedly be so much more attractive!<br /> From:&nbsp;<a href="https://www.orefinders.ca/overview/">https://www.orefinders.ca/overview/</a><br /> <p style="font-family: Poppins, sans-serif; font-size: 13px; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin: 0px 0px 1.75em; caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;"> <strong style="font-family: inherit; font-style: inherit; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin-bottom: 0px;">&quot;This PEA&rsquo;s economics indicate an after-tax internal rate of return (&ldquo;IRR&rdquo;) for the project of 158% and a pre-tax undiscounted Net Present Value (&ldquo;NPV&rdquo;) of $30.8 million and a $20.5 million after-tax NPV at a 5% discount rate.&nbsp; Payback on capital is reported at 7 months.&nbsp; Average gold price used is US$1,300 per ounce and an exchange rate of 1.00 USD =0.76 CAD.</strong></p> <p style="font-family: Poppins, sans-serif; font-size: 13px; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin: 0px 0px 1.75em; caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;"> <strong style="font-family: inherit; font-style: inherit; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin-bottom: 0px;">The initial preproduction expenditure is estimated at $2.4 million to achieve first production from the open pit.&nbsp; The project life is three years, after approximately six months of open pit pre-stripping. The Life of Mine (&ldquo;LOM&rdquo;) cash operating cost is US$941 per ounce of gold, and the LOM all-in sustaining cost is US$969 per ounce of gold.&quot;</strong></p> <br />
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