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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

Post by thereaderon Apr 02, 2021 2:00pm
351 Views
Post# 32932384

Morgan Stanley research

Morgan Stanley researchA week after this was published and the US is working on a spending bill that will supercharge the demand suggested in this report. 

https://www.orocoresourcecorp.com/_resources/blog/20210325-blog.pdf


...but mine investment is needed: Near term, we see sufficient mine supply to meet this demand growth, with output forecast to expand 1.6Mt to 2023 as new projects enter production. However, the more buoyant demand environment will provide a stronger floor for prices, and beyond 2023 fresh mine supply is needed, with a forecast 6.5Mt supply gap to be filled by 2030. At 50% above our forecast incentive price $2.82/lb (real 2020$), we expect today's high price to trigger the investment that will fill that gap – but given long lead times for development and more buoyant demand growth rates, there is growing risk of a fresh shortfall in supply emerging mid-decade. We lift our copper price forecast throughout 2021-30; for full details see metal&ROCK: The Price Deck 2Q21.
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