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

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Comment by thereaderon Feb 17, 2018 8:06pm

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Post# 27578935

RE:RE:RE:End Of The Month

El Pilar's sale price might be instructive. The purchase price was described by the buyer as "opportunistic" and the contained copper and NPV are each a fraction of ST's, say 15% to 20% respectively. So is ST worth 5X, or 7X the price paid for El Pilar? Makes sense. Particulalrly with a market mindset that has Friedland say "you'll need a telescope to see the price of copper" in a few years. The purchase also shows, like the Goldcorp purchase of Camino Rojo and the Jinchuan purchase of Bahuerachi, that majors buy big assets in Mexico.

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