RE:RE:Oco Market ValueGuys - Check out my quick and diry valuation from around 6 months ago. Note I'm a long time poster on this board from the good old days. Good to see some familiar names back here now that traders who ruin this board have cleared out.
https://www.stockhouse.com/companies/bullboard/v.oco/oroco-resource-corp/3?postid=21716323
Note that this old valuation assumed no production in 2014 but goldgroup is in production now. I also just re-looked at my royalty calculation which appears it should be (Market Price of gold - $1250)*20% and is basically paid until total consideration equals $18 million. I used $90/ounce and I see why as their PR's on sale metrics changed a couple times. I had $.17 as fair value but it probably more like $.14-$15 so say market should rationally give us $.11-$.12 just based on cash consideration. That is includes nothing for a speculative premium for if X has the goods.
We'll go up with POG in 2014. I'm underwater like a lot of old timers but probably won't ever sell till we see drill results from X - whether that is self-drilled or from getting the Goldcorp core.
As always - longtime shareholders can at least be satisfied that mine made it into production from a PEA even though it wasn't with Oroco. Take some cajones to skip pre-feas/feas and even more to invest betting so.
X is the only undrilled original extrusion in the GGB and every other extrusion has been or will be a economic open pit mine! We know there is gold from the historic artisinal mine. Hold them shares tight!