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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 twaveron Sep 15, 2020 12:04pm
153 Views
Post# 31560150

RE:RE:RE:RE:Kodak and Teck Financing

RE:RE:RE:RE:Kodak and Teck FinancingTo be fair, this is a little company that came up with a big plan.  They thought outside the box, coming about this huge deposit not through exploration/drilling, but through relationships and legal wrangling (they were on the side of good).  They laid out a logical, step-by-step plan, and they have executed it remarkbly.  Fortunately, the raises are also being done in a thoughtful, methodical way.  Whereas I was a little irritated that this placement is at such a big discount to the market (with warrants in the money on the day of the release), much of the discrepency is due to our recent rapid share appreciation. Not a bad problem to have. Could they have put another million-and-a-half in the til for the same dilution?  Yes.  But I do expect the next raise (might be the last?) will be more in the $1.20 to $1.40 area, creating minimal dilution. Onward and upward.
Bullboard Posts