Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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
Post by twaveron Mar 06, 2019 4:04pm
147 Views
Post# 29451825

Crappy NR, but...

Crappy NR, but...Just spent about 45 minutes on the phone with Adam Smith, OCO's IR guy.  I explained (as, apparently, many others have) how that last NR scared people by showing so many balls in the air, each difficult to comprehend.  He explained that the ownership of the asset was established 3 years ago in a court in the Bahamas.  Each of those enumerated legal situations in the NR was an offensive maneuver, meaning we could lose one - or all - of them, and still own the asset (as we do now through our option).  Win any one of them and we clear this whole thing up.  They have different time frames, ranging from about one month to one year. Aztec's judgement was fraudulent and is unenforceable. More than one major has already expressed interest, and this should only pick up with the clearing of the last legal hurdle. The company wants to do more drilling to continue delineating the deposit.  Upside here is possibly 20 billion pounds of copper.  I think the NR left the wrong impression with a lot of people - including me, initially.
Bullboard Posts