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 FANTOMASon May 03, 2014 8:58am

196 Views

Post# 22520791

RE:Going nowhere fast

mouserman wrote: .......
The little bit of revenues that may come from Goldgroup are not that exciting .....

Goldgroup payments to Oroco of:

- $5.625M (p. notes)

- $1.8 - 4.5M (royalty depending on gold price, here $1350-1500)
- plus already received 5.5M Goldgroup shares (actual value: $1.155M)
-> total: $8.58M (gold $1350, GGA $0,21) to $11.28M (gold $1500, GGA $0.21)

I don't know how you come to your conclusion that the revenue of $8.5M - 11.0M (conservatively)
is a "little bit" for a company with a market cap of $3.5M ?

In my books, that's VERY exciting, especially if you see GGA share price going much higher.

FANTOMAS

Bullboard Posts

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