Oroco Resource Corp ORRCF

Geologist discussing drill results

[MrMaKunPeng]

As just published by Oroco on YT:

https://youtu.be/qg71-BfjSJQ

[Basketfan]

[Basketfan]

Let's hit the Brasilias holes that are on the right in the long strips , and some will curse your sales here :-)

[LongTView]

Important to remember - it is all about the total tons of the Santo Tomas deposit. As we can now see, Brasiles will be a player. North Zone is coming along nicely and South Zone will be reporting infill and confirmatory drilling this year. Once adding it all up becomes clear, it wil be easy to forecast a mill rate. The Rule: A larger mill rate = higher revenue = higher NPV = Higher seling price

[pullsea]

Super and Uber.  GLTA

[PaulMoo]

What are your thoughts on Oroco compared to Josemaria? Jose's pre-tax NPV is a very impressive $2.37B with processing capacity of 152,000 t/day. Yet, it sold for only $625m. Sources:  https://lundinmining.com/site/assets/files/8410/josemaria_resources_technical_report.pdf https://lundinmining.com/operations/josemaria-project/ https://www.canadianminingjournal.com/news/lundin-mining

[jwall34]

From their website:  "While this work has not yet concluded, the Company expects the initial capital expenditure estimate of the project to be greater than $4 billion. Effective post-closing, the Company intends to spend up to $300 million to advance the project ahead of a construction decision in the second half of 2022"   Capex is MASSIVE which is a huge

[PaulMoo]

Those are good points. I noticed the huge capex for Jose but I was unsure how it will compare with Santo Tomas. Strip ratio in Jose is 0.98 over 19 years, which I think is pretty good. Thornton's historical data for ST shows the strip ratio at 1.9 in the NZ. We expect it will be much better eventually, but is it going to significantly beat 0.98? Jose requires a 28 km long water supply line

[GeneralGogol]

Table 1-1 in the Jose-Maria technical report (SRK Consulting, 2020) shows a measured resource estimate of 197 million tonnes at an average 0.43% Cu grade and an indicated resource estimate of 962 million tonnes at an average 0.26% Cu grade, using a cut-off of 0.1% CuEq. The low cut-off grade is how they propose to run 19 years of production with a 150 ktpd mill. Table 22-3 presents their