Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Industrial Metals & Minerals

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 emiliolargoon Nov 10, 2019 1:00pm

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Post# 30332957

RE:RE:Major miners going shopping for Copper

MariuszSkonieczny wrote: So pretty much we have a new set of candidates to acquire Santo Tomas. In addition to copper producers, competition to acquire Santo Tomas will come from gold producers. Perfect.

I still think that Santo Tomas will be acquired sooner than we all think.

Next steps

1. Registration
2. Acquisition of Altamura
3. Confirmation Drilling the in the North Zone
4. Few holes in the Braziles Zone (will be game changer from already $1.6 billion NPV)
5. Buyout

If the registration happens this year. Drilling happens in Q1 2020. Buyout by Q3 2020 (my opinion).

Hi Mariusz, This is how I see it:

Registration by Q1 2020

Drilling by Q1 2020

Buyout after drilling etc, Q2 2021

What do you think? i think registration this year is slightly optimistc. i am thinking before end of Q1 2020 registration, financing and drilling by March. Then buyout COULD happen a year later.
i see buyout at 500 million market cap. Assuming we raise another 15 million we will have 50 million shares extra, plus warrants etc, we will be at 200 million S/O. so price of CAD 2.00 in the next 2 full year. Its a great return.

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