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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 soladadeson Sep 13, 2012 10:30am
205 Views
Post# 20356522

RE: Cerro Prieto's PEA

RE: Cerro Prieto's PEA

Problem is, this was done like 2 yrs ago. A lot of cost inflation has occured. Other problem is mgmnt seems to be just sitting on their hands - you guys need to add value, ah, like maybe finishing the $5 M financing and get things going. I mean, they have been planning on bringing Cerro to production since 2008/2009 - and here we are, still spinning our wheels. The big Moriarty bounce we had the other day appears to have fizzled for the time being. Nobody wants to dilute, but come on, by the time they actually get around to building this mine the costs probably will have doubled!!! NPV stated are probably 3/4 of what they were now IMO. Do you really think this mine is still ~$22 M to build??? No bloody likely IMO. Could have had this thing underway by now and benefitting from re-rating as near-term producer. Could have raised some $$ for drills on Xochipala, so it could have been something other than just a "probability" b/c it's near Goldcorp and Newstrikes great properties. SP could have been higher and then do subsequent financing at higher prices so as to lessen dilution! But, no, here we are, still waiting, still speculating. Obviously frustrated!!

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