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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 thereaderon Sep 18, 2018 4:46am
150 Views
Post# 28637490

RE:RE:RE:RE:RE:RE:RE:RE:TO banker gives in situ copper value at $0.026 per pound

RE:RE:RE:RE:RE:RE:RE:RE:TO banker gives in situ copper value at $0.026 per poundThanks, LAG4. It seems fairly clear that Santo Tomas is a deposit that should be considered a major, established copper resource, that passes the test such projects need to in terms of location and infrastructure, the mining friendliness of the jurisdiction, size, grade and strip, etc., and should be/will be one day valued along the lines of the average value identified by RBC and others.

Once ST is owned by Oroco, and the legal risks are considered resolved,  the valuations established by RBC and others, like trading at 3 cents a pound and bought for 7 cents (nicely detailed in this report - https://calichebahada.com/wp-content/uploads/RBC-Capital-Markets-May-2018-The-World-Needs-More-Copper.pdf ) should apply. 

The good thing about legal risk is that it can be resolved, whereas the warts on other copper assets, metallurgical, lack of infrastructure, political and permitting risk, often cannot be solved. And it looks like that resolution is close. All the jockeying that the acquisition of surrounding properties, data, etc represents, indicates this.



Bullboard Posts