Opawica Explorations Inc V.OPW

Alternate Symbol(s): OPWEF | OSOL

Metals & Mining Gold

Opawica Explorations Inc. is a Canada-based junior exploration company. The Company has a portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. It owns a 100% interest in the Arrowhead, Bazooka East and McWatters claims located in northern Quebec, Canada. The Arrowhead property and Bazooka East property are subject to a 2% net smelter return (NSR) royalty. The nearest mine to Arrowhead Property is the Mouska mine located eight kilometers to the east. The Bazooka property is a 100% owned 1200 hectares (ha) land package. The McWatters property is subject to a 1% NSR royalty. The Company owns a 100% interest in 24 mineral claims located in Beauchastel Township, Quebec, collectively the Bazooka West property.

TSXV:OPW - Post by User

Opawica Explorations Inc > Bargain price

<< Previous

Bullboard Posts

Next >>

Comment by Success2022on Oct 12, 2022 5:08pm

229 Views

Post# 35020735

RE:Bargain price

Success2022 wrote: At $0.05, the market cap is just above cash. They have $1.4M in the bank + $600K coming back as tax credits.
Which means the market is valuing the assets at around $0.
Sometimes the market gives you a gift. Now let's see those Arrowhead results any day now...

Sold my small position and broke even. The new acquisition is vague and there's some red flags for me...

<< Previous

Bullboard Posts

Next >>

Understanding tax loss season and the “Santa Claus rally”