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

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Comment by auricgoldon Aug 28, 2020 12:38am

152 Views

Post# 31468194

RE:RE:copper on its way up

great article thank you. I forwarded to some friends, letting them know to get in on it. Just today I was telling a guy in australia to get some. he collects copper and gold stocks!

BullStockington wrote: https://www.mining.com/copper-price-to-extend-rally-on-signs-of-chinese-panic-buying/

This is a great article on the copper market and what to expect from it the next few months - especially the parellel to copper's recovery after the GFC, which I've been shouting from rooftops about since March...

Copper is looking extremely bullish just on the huge Chinese demand the article talks about and structurally weak supply (further deteriorated by C19 closures) BEFORE you factor in a massive US infra build program which is likely regardless of who wins in November, and a continued push to EV and wind/solar power.

Some of the buyout price assumptions that people throw around that could seem far-fetched at $3 copper, become a lot more reasonable even at $3.50, not to mention $4+.

Ex: Santo Tomas NPV using Caesar Report assumptions and $3.5 copper is around 2.4B USD.
Plug in some back of the envelope (conservative) assumptions of a buyout value of 30-40% of NPV, 1.3 CAD/USD FX, 80% OCO ownership of Santo Tomas, 200M shares, and you're looking at well over C$4/share.

Factor in some grade improvement that drilling will bring, and north of C$5/share doesn't seem far-fetched at all.

Personally I like to try to be a bit conservative and base my expectations on a $3 copper price assumption, but given the outlook for copper, can't help but be excited by the upside.