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 > A lesser-mentioned reason high CU prices are good for OC

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Comment by jwall34on May 12, 2021 11:37am

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Post# 33182809

RE:RE:A lesser-mentioned reason high CU prices are good for OC

zins wrote:

My worry is someone jumps the gun on ST before the resource is fully defined.

I'm not too concerned about this. My view is that either way it's a win-win. If a major jumps the gun early, they would still need to pay a significant premium over the trading price. That, plus we would get paid out, which for those who have been holding since the 20 - 30 cent range would be a huge win!

However as MS and Adam have mentioned majors aren't in the business of making speculative buys. If they are going to drop a billion+ on an M+A project they will want to make sure it is as derisked as possible.