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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 GeneralGogolon Jan 12, 2021 7:04pm
280 Views
Post# 32280594

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very quiet

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very quietI would compare to recent M&A data to see what % NPV past offers over the past decade or two have brought in.  This asset has lots of positives going its favor.  The proximity to existing infrastructure is good with the resource close to the surface.  It will be easier to construct a mill here than at the top of the Andes.  Recruiting and maintaining a competent staff of geologists, metallurgists, and mill operators at this location will be easier than say, in the Democratic Republic of the Congo.  Some of the remote Alaska mining projects that I am familiar with operate on a 2-week on, 2-week off work schedule, with employees traveling quite some distance from the lower 48 to get to work.  That sort of work schedule may not be necessary here if technical staff choose to live locally.  Even so, Mexico City and Arizona are not that far away for recruitment of staff who might opt for an alternative 2-week work schedule.  Overall, this will be an easier operation to manage than other projects around the world.  I think that this could be a very desirable asset for a major to have in their portfolio.
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