Oroco Resource Corp V.OCO

5.5 more years at this rate...

[GoldenRoad21]

Oroco announced start of drilling 7/29/21 and as of 6/1/22 they have released results for 12 holes which means on average it has taken 26 days/hole to get assay results. At this pace , assuming they will drill roughly 8o holes, and also assuming there is not another onths long delay due to financing, we should have all drill results in about 57 months or about 5.5 years ! Now, they may very well pick up the pace of drilling but they have been saying that for several months now to no avail...

[LAG4]

The elephant in the room.

[coppermonster]

If you complain at least make sure your numbers are at least somewhat accurate. The company has drilled with 1 rig since July 29, with a second rig starting about 10 days later and the third rig starting November 17. So that's around 840 drill days between all three rigs. Taking into account the worst rainy season in 100 years during which drilling was severely slowed down and a month-long

[GoldenRoad21]

If you try and refute my complaint (which was more of an observation anyhow) at least make sure you at least somewhat understand what I said. My "back of the envelope" math was refering to how many does, on average, it has taken to provide ASSAY RESULTS on a per hole basis. I obviously understand that drilling is a major factor in that equation but there are clearly additional factors

[coppermonster]

Using the published number of holes to calculate a timeline makes zero sense. It takes on average 8 weeks from the time core samples are shipped off to the lab until results are released. So the speed of assay processing and publication of the results has little to no bearing on the overall timeline. Drill speed is the factor that matters. Even without any drill speed increase or more rigs it'

[LAG4]

Spin it anyway you want, end of the day we got 12 holes and trouble staying in the 1.30's.

[coppermonster]

why don't you just sell if you are so unhappy?!?

[Patriot]

Rookie response at best.He or she is entitled to thier opinion if they don't agree with the way the company does things.They have invested in the company and want results in a timely manner.If I am correct in one of the last videos the have had the Brasiles results for two weeks now.?????????????