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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 Steve888on Jun 29, 2016 10:15pm
101 Views
Post# 25010923

RE:RE:Cash value per share for OCO is much higher than current sha

RE:RE:Cash value per share for OCO is much higher than current shaThe good things are: (1) GGA starts to produce gold, and it's share price is surging up; (2) gold price is also surging up and the upward trend is expected to continue. (3) Clearly, it is better for OCO to hold the 11 million shares of GAA now for bigger future return instead of selling them now; (4) the debt agreement with GGA will protect and benefit OCO if the debts from GGA is in default. In fact, the payment schedule from GGA is actually determined by OCO as well as the related agreement, not GGA. The rising gold price will definitely bring brighter future for OCO. I believe this is a good penny stock to play especially if buy in at the cheapest and undervalued share prices.


ukermann wrote: Steve: Your firing on all cylinders here, and that's with no Goodwill provision for the property. What we need to see is GGA make a payment schedule on what they owe us and follow thru.The street not crediting us as ever getting paid, so once we get that million they owe us, then we'll see the shares start to move.


Bullboard Posts