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

Post by FANTOMASon Feb 07, 2014 5:21pm

286 Views

Post# 22186083

Facts

Long term holder, averaged down today, reading through a lot of bulls&@! here.

What about some facts:
1. Cash: $ 648,476 (as per August 31, 2013)
2. No debt (debenture repaid with $ 4.5 M from Cerro Prieto sale to Goldgroup)
3. 5.5 M Goldgroup shares (from sale of Cerro Prieto) @ 0.18 = $ 990k
4. $ 1.5 M (First Note from sale in six equal monthly instalments of US$250,000 each after Goldgroup achieving commercial production)
5. $ 4.125 M or 16.5 M Goldgroup shares (Second Note from sale at second anniversary of Goldgroup transaction)
6. (up to) $ 8.1 M in production royalties from Goldgroup

Way to go here with the last "undrilled intrusion" of the Guerrero Gold Belt !

FANTOMAS

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