Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated copper and molybdenum sulphides with significant gold and silver credits. Its Xochipala Property is comprised of the Celia Gene (100 ha) and the contiguous Celia Generosa (93 ha) concessions. Its Salvador Property is a 100-hectare mining concession, which lies around 25 kilometers (kms) to the west of the Xochipala Property and 30 kms west of Chilpancingo, Guerrero.

TSXV:OCO - Post by User

Oroco Resource Corp

Bullboard Posts

Comment by thereaderon Jan 10, 2011 12:30pm

428 Views

Post# 17948692

RE: RE: +25% today

IMHO, it's because the market started anticipating a positive PEA in October,
was proven correct in December when the news came out, and is still discounting 
it into the share price AND, the market is anticipating quick completion of the 
other milestones leading to production.

In addition to the PEA announcement, several more catalysts should cause more 
upward rating of the shares. Every step towards production should increase the
share price towards the NPV/share, which today is about $1.60. Financing of mine
construction, permitting, engaging a contractor, etc. should all be reason for
further rises. 

In this market I'd expect financing to happen pretty quickly, and as they already
have a relationship with the contractor who built Silvercrest's nearby mine in 
under a year I'd expect the rest of the milestones to happen quickly too. Any
doubts about what happens to the share price of a junior as it approached production? 
Check charts for SVL and TMM; their shares rose steadily in the 12-16 months leading 
up to production. I think OCO started that rise in October and it should continue 
for some time.