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

Bullboard Posts

Comment by auricgoldon May 17, 2020 5:18pm

116 Views

Post# 31040355

RE:RE:RE:RE:RE:RE:RE:RE:New deck on website

Hi Anchor, from my discussions with Adam, they have the cash for 3dip but they need to raise a little more for drilling. I agree, raise 3 million now at 30cents and get it over with. Heck, even 5 million then we fly through.

AnchorValue wrote:
At this point, given the uncertainty of the macro, I hope they just do the 3dip and the reconfirmation drilling concurrently. They already have the holes identified so neatly in the latest pres.!

The biggest risk facing the company, as I see it, is that we have a combination of (I) a second bout of COVID and (II) as a result, or independently, copper prices drop-off.

The capital markets seem open for copper projects currently, we should just raise all the money for the 3dip and reconfirmation now.

Yes, more dilution - but if we miss this window and the world turns I think we won't see any gains for a looong time.

If they do it concurrently (3dip + confirmation), Cal's timeline is pretty realistic. Ian has said publicly that they will try to have the new disclosure ready by the 1st half of next year - and I think he was being conservative when he said that .

all contingent on how quickly they move to get a $3million - $5million financing done. I am actually surprised they haven't done anything thru RFC yet - maybe those discussions have broken down because of COVID.