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 > Trying to flip this one? Be careful

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Comment by johngalt77on Nov 11, 2020 2:33am

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Post# 31875826

RE:RE:RE:Trying to flip this one? Be careful

You have balls of steel cal :-)

$OCO is ~70% of my PF now but I am not losing sleep over it.. yet!

I am likely to wait for the first drill results in Q2 - Historical drill results show ~0.4% Cu at depths of 400m without assaying the Au/Ag/Mo from what I read. If they go to depths of 1000m and show higher grades (%CuEq), the stock could shoot to >$3 (US) per share.

I am likely to lighten up to 50% of my current position at that point and ride the rest till buyout.

Adam made the right observation - $SLS is 6 to 8 months ahead of $OCO with a smaller known resource (2B lbs Cu with possible expansion to 10B lbs), data from three drill holes at 1000m depths and averaging 0.7% CuEq.

It has a $500M USD market cap and analysts have a >$1B target (granted that they have other properties) and the shares are tightly held.

https://www.hannam.partners/insights/research/research-articles/revealing-ecuador-s-riches-at-warintza-initiate-with-c-1020share-target/

I am expecting similar fireworks from $OCO once the first drill results are in.

Sitting tight till then..

cheers
JG77

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