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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, and in central Newfoundland and Labrador. 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. It owns a 100% interest in 24 mineral claims located in Beauchastel Township, Quebec, collectively the Bazooka West property. The Company owns 906 claims, namely the Density, Eclipse and Mass properties.


TSXV:OPW - Post by User

Opawica Explorations Inc > Bargain price
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Comment by Success2022on Oct 12, 2022 5:08pm
169 Views
Post# 35020735

RE:Bargain price

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...
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