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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
Post by thereaderon May 01, 2012 3:13am
378 Views
Post# 19855165

Funding

Funding

Few companies are getting funded in this market but Oroco is consistently succeeding in this regard, and doing so with sophisticated investors. This speaks volumes.

In the great shakeout that is coming there will be those that survive, even thrive, and those that disappear. Raising funds for early stage companies is all but impossible now, and those companies will wither and die. Those with worthwhile properties will be acquired cheaply by those with production and cash. Oroco looks to be well on track to become a producer in the near term, and generate cash, or so these sophisticated, deep pocketed investors believe. 

With an NPV/share several times the current share price, big financial backing and the best "second property" in the field, this is one to own.

Bullboard Posts