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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

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

Bullboard Posts
Comment by sampoon Sep 16, 2011 11:57am
263 Views
Post# 19050369

RE: Meeting with Corporate Development

RE: Meeting with Corporate Developmentdr_airtime,Thanks for the post, very informative. The most concerning part for me about your update is the financing. I'd have to think that given that some cash has already changed hands for the surface rights, that the NY investor is indeed serious about the project, although I know it's a drop in the bucket compared to $18M.Although I already hold a significant amount of Oroco shares, I too am willing to accumulate more once financing has been confirmed, ideally including how the $4M gap will be addressed (debt/equity?). I'm a big fan of management teams who keep dilution to a minimum and find ways to ensure shareholders take part in the future success of the company. Clearly we have a great management team here at Oroco that has shareholder's best interests aligned with management and the company.For those who worry about the 'small' size of the CP deposit, I've seen many similar companies in Mexico, with much lower grades than CP thrive and subsequently get acquired. If CP gets off the ground and Oroco move onto Xochipala in a couple of years, I'm confident anyone who has invested today will be sitting pretty.Sampo
Bullboard Posts