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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 thereaderon Apr 14, 2012 4:46pm
237 Views
Post# 19794829

RE: RE: Project Funding complete

RE: RE: Project Funding complete

Bad timing for that sale by Pinetree, but they'll do very well on tthe remaining +7 million share position.They had their warrants extended this week their net position even after the sale is larger than before. Not bad. As OCO rises to its NPV/share, as these things do in the period leading up to production, we'll all see a +/- 300% gain. On the otehr hand, Silvermex, with just 15,000 oz Au equivalant annual production was just bought out for $135 million. OCO's Cerro Prieto is scheduled to do more than twice that production in the initial years, and Oroco expects that they'll add ounces to future production by drilling. By comparison with Silvermex then OCO is worth +$275 million, a 1200-1300% gain from here. Add the huge potentail of Xochipala and it"s clear OCO's share price has a ways to run, even with any future dilution. 

Bullboard Posts