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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 FANTOMASon Feb 08, 2014 10:31am
189 Views
Post# 22187218

RE:RE:RE:RE:RE:Congrats to all that held

RE:RE:RE:RE:RE:Congrats to all that held
leaf67 wrote:
I would think GOLDCORP will never want to release there drill results to OCO...they likely know the goods are there and will want that property before OCO ever drills it.....GOLDCORP will simply make a cash offer to OCO and quickly as they won't want OCO to have any chance to even entertain drilling.I think if OCO was offered 100-200 million we the shareholders would be more then happy to hand our shares over to GOLDCORP..100 million=$1.145 per share and ofcourse 200 million=$2.29 per share.....Thats the way the big players operate...they snap these companies up quickly and the fact its only 4 km form GOLDCORPS big producing mine its a match made in heaven for GOLDCORP and for OCO,,,that mine produces over 300,000 ounces per year....GOLDCORP must be salavating right now and i would think OCO will be sold quite quickly to the Heavyweight.
...
leaf67


I think, you're wrong here, leaf67, on both accounts:
1. Goldcorp might not WANT to release the results, but as far as I'm aware, they are legally obliged to do it. Because they have drilled on ground that didn't belong to them, the drill core and the results are not their ownership. Meaning OCO can request to get all Information and "hardware" handed over to them.
2. OCO won't be taken over by Goldcorp any time soon. Especially not on the grounds of proximity to their Los Filos mine.
Why ?
Because if that would be the reason, than Goldcorp would have bought a different company a long time ago: Cayden Resources !
Cayden has a very prospective property right next to Los Filos, not just 4km away.
In fact, Goldcorp has bought part of their property package (Morelos East), for $ 15 million.
So, if OCO should be snatched up for $ 100-200 million, as you suggest, they would have to confirm serious mineralization at Xochipala. And you don't get that with 20 odd holes.
We're talking about 200-300 holes to get a significant resource estimate.

Don't get me wrong. I think, OCO has a lot of blue sky potential.
But we won't see a $ 1-2 share price for quite some time, if ever.

FANTOMAS

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