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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 thereaderon Feb 17, 2021 5:00pm
142 Views
Post# 32588035

RE:RE:RE:Risks related to cartels

RE:RE:RE:Risks related to cartelsI can't think of too many thinks less uselful to steal than a bunch of copper concentrate. Large, bulky and completely worthless to anyone but a smelter, mostly located across the Pacific. They buy it via long term agreements with a small number of high profile, reputable international players, not off the back of a truck.

As for cartels interfering with big businesses, and in the case of ST it's be the biggest individual employer, tax payer, and driver of the regional economy the State likley has, I'd bet EVERYONE wants it to be developed and succeed. Mexico is the ~15th largest economy in the world, closer to 11th in PPP. Clearly, big business does well in Mexico. Think of a local or national stereotype that foreigners always judge your country by, yet which does not touch the vast majority of people's lives, and you know how Mexicans feel about the subject of cartels.  



 
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