3,000,000 tonnes of 1.18% Cu and 2.5 g/t Au of Inferred Mineral Resources, Atikwa Lake Project, Ontario
Highlighted by Hole AT-08-001 which Intersected 183M of 1.57 g/t Au and 0.389% Cu
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Opawica Exploration > Message
Steve-jobs_profile

Re: I heard we will be getting news early next week...

Posted by: glorieux on July 13, 2008 08:55AM

In response to: Re: I heard we will be gett... by trading-girl

Your patience will be rewarded this week. I believe we have seen the last week of sub $1. We will have about 2B of gold equivalent in 2 projects. Both are feasible to open pit. They are low grade deposit but Gekko seems perfectly suited to resolve this. They are both in friendly Ontario. Even at $800 per ounce, we are looking at 1.6Billion dollars of minerals. At our current Market cap of 0.80$ per share or 16M dollars, we are getting only 1% of GMV. It is easy to see that we could easily be at 3-5% of GMV or $2.40 to $4 per share. Our low share float of 20m shares or so is our biggest feature. If we can get gekko to install the system with low cost up front and paid as gold is removed, we will not even need any further dilution. The banks may be willing to help out as well once all the feasibility studies are finished. I believe the plan is to put Dingman in production first and us the profits from there to continue exploration work and start up production at Atikwa lake. This will also help us in our lawsuit against Xstrata as we need money to pursue them legally. From what I have read, Xstrata is guilty and will have to pay us some compensation. This of course may take years but I believe we will see some money from them, something like 2M plus legal costs...The 43-101 on Dingman is close to completion as well and will bolster our company further when released hopefully within the next month. From what I have seen, it should come in at about 480K ounces of gold plus some quarry products. The sky is very bright here guys.

Cheers,

Glorieux

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Executive Address
Opw-clark
Dan Clark
President & CEO
August 01, 2008

Dan Clark goes Beyond The Press Results with the latest drill results from Atikwa

View Broadcast