Oroco Resource Corp V.OCO

Risks related to cartels

[SprengoM]

Hi all,

The only reason keeping me from adding to my position in Oroco is the risk of cartels moving in and tzking the profit from this mine, which i find very difficult to factor into this stock.
Do you guys know how this potential issue is being addressed by management?
Are there other mining projects where cartels have been an issue?

[Mhysa99]

This issue was addressed by Adam Smith, around the 34 minute mark in the Feb 11th corporate presentation. ** NO DRUG CARTEL ISSUES AT SANTO TOMAS **

[AnchorValue]

Not a popular opinion; but cartels are not so heartless that they'll stop a project that has done so much for the Choix community. OCO sponsors soccer leagues, baseball leagues, painted schools, etc ... and this is before any work even started on the actually property!

[Overertune]

This is so called protection fee?

[SprengoM]

Thanks for reference! How I understand is that there is very low risk of copper being stolen during transportation. Actually quite logical considering its "only" a few thousand dollars per ton.

[thereader]

I can't think of too many thinks less uselful to steal than a bunch of copper concentrate. Large, bulky and completely worthless to anyone but a smelter, mostly located across the Pacific. They buy it via long term agreements with a small number of high profile, reputable international players, not off the back of a truck. As for cartels interfering with big businesses, and in the case of ST

[MikPrecious]

I was once told by Adam it's really a non issue as they are far away from their surroundings.  Moreover, they do have security measures in place for any kind of bandits.  Lastly, the key people that work their have a stake in the company and are mindful of any kind of issues.  It's relatively a very small community there.   This is in addition to all those who have