Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

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.

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Oroco Resource Corp > A lesser-mentioned reason high CU prices are good for OC

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Comment by jwall34on May 12, 2021 11:37am

209 Views

Post# 33182809

RE:RE:A lesser-mentioned reason high CU prices are good for OC

zins wrote:

My worry is someone jumps the gun on ST before the resource is fully defined.

I'm not too concerned about this. My view is that either way it's a win-win. If a major jumps the gun early, they would still need to pay a significant premium over the trading price. That, plus we would get paid out, which for those who have been holding since the 20 - 30 cent range would be a huge win!

However as MS and Adam have mentioned majors aren't in the business of making speculative buys. If they are going to drop a billion+ on an M+A project they will want to make sure it is as derisked as possible.