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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 BullStockingtonon Nov 24, 2019 10:01pm
96 Views
Post# 30388014

RE:RE:RE:RE:New drill results will make a difference

RE:RE:RE:RE:New drill results will make a differenceCopper is definitively sensitive to economic growth and as OCO's principal asset is a copper project it is obviously sensitive to the price of copper. That said with so much downside priced into copper at the moment I see it as more of an opportunity than a threat (that the price will appreciate), timing obviously is quite dependent on trade progress, but fundamentally the copper supply side continues to be challlenged and demand will grow as technology evolves, (EVs and renewable energy are extremely copper intensive). Smart majors realize this and will see beyond the immediate price when looking for an asset that will feed their supply for decades to come, which are VERY scarce.

The path forward is actually pretty simple. The copper in Santo Tomas is there and it isnt going anywhere. Oroco has to simply reconfirm it  to modern standards (with  drilling) possibly show there's even more than previously known (with step out drilling). Then they will bring it to market. If trade doesn't improve, gdp growth is slow and the copper market stays temporarily weak Oroco will simply have more time to explore and drill and add to the deposit (the dilution will be offset by ownership increase through spending) and then when the market turns around the deposit will be even bigger and more valuable.

So long story short unless you're either impatient, or think copper will not turn around for a very long time, than the risk to Oroco is limited. 
Bullboard Posts