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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company focused on the assembly of mineral concessions which make up the Santo Tomas porphyry copper project in Sinaloa State, Mexico. The Santo Tomas project is a copper porphyry deposit defined by 106 diamond drill and reverse circulation drill holes totaling approximately 30,000 m.


TSXV:OCO - Post by User

Bullboard Posts
Post by Steve888on Jun 29, 2016 5:00pm
157 Views
Post# 25010132

Cash value per share for OCO is much higher than current sha

Cash value per share for OCO is much higher than current sha
Highlights of the strong fundamentals: (1) As of February 29, 2016, OCO had working capital of $1,189,545. (2) The Company has a debt receivable in the amount of US$805,000 in principal and US$72,507 in accrued interest from the overdue Demand Note and September Note issued by Goldgroup. (3) The Company has as its main assets the Xochipala Property, 11,048,750 shares of Goldgroup. The current share price for Goldgroup (T.GGA) is $0.285. Therefore, the total value of 11,048,750 shares is $3.15 million dollars at present. (4) The Production Royalty is contingent upon the number of ounces of gold produced at Cerro Prieto and upon the monthly average price of gold being above US$1,250 per ounce in the month the gold is produced. Therefore, OCO has the total cash value = $1,189,545 (working capital)+US$805,000+US$72,507 (debt receivable) +$3,148,894 (11,048,750 shares of Goldgroup) + Royalty (above US$1,250 of gold price) = $5,215,946 +Royalty. As we can see, OCO has the cash value of $5.2 million dollars plus the royalty upon the monthly average price of gold being above US$1,250 per ounce in the month the gold is produced. Definitely, the current market is way underestimated the share price for OCO. The cash value per share for OCO is = $5,215,946 / 77,947,405 (total shares) =$0.067. If including the royalty, the cash value per share for OCO should be even higher. Do your DD.
Bullboard Posts