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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

Comment by AnchorValueon Dec 17, 2020 4:25pm
228 Views
Post# 32130761

RE:RE:RE:RE:RE:RE:RE:RE:no 3dIP results = Bad news?

RE:RE:RE:RE:RE:RE:RE:RE:no 3dIP results = Bad news?

This will be my last comment on the topic because  I don't think anything wrong was done - I think the author just wanted to bring some temperance to the OCO name.

Yes, the Caesar's report had an NPV on the property. In mining, companies trade/transact for anywhere between 0% - 100% of NPV based on a whole sleuth of factors including (I) jurisdiction,(II) exploration potential, etc. Usually 25% - 50% is used.

So he never opined on the last step of how much OCO's market cap/share price should be.

His previous reports all focused on the property and not the stock. It is just goofy to then come out and say take profits because the math shows you can pull out your cost basis by by only liquidating 25% of your stake.

If I can use an analogy, it's like he was a consultant hired to put together a report on  "competitive dynamics" and then issues an update on "best HR practices"

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