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.

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Oroco Resource Corp

Bullboard Posts

Comment by sampoon Jan 28, 2013 11:33pm

176 Views

Post# 20903347

RE: RE: RE: RE: RE: News?

So, if you take a 5-10% discount rate, then the NPV of the Cerro Prieto transaction, at the base case payment scenario, works out to $14.5-$16M, or .21-23/share - which is higher than where we're trading over the last while.

The issue now is that the catalysts for Oroco are all related to Xochipala and aside from the potential resolution of the Amparo, none of the catalysts for this stock are going to happen before the second half of 2013.

I personally was hoping for a better structure to this deal, so shareholders could see some immediate value, but we're back to a wait and see game again.

Re: your comment EStreet, Oroco management must have some really good confidence in Xochipala, to sell CP, as they've taken any revenue generating capabilities and pushed it out several years.

Sampo

Bullboard Posts

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