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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 NeftyIvanon Jun 13, 2022 10:36am
386 Views
Post# 34751811

RE:My impressions on the live investor call

RE:My impressions on the live investor callMROBPOR, thanks much for the summary; the OCO bullit points jives pretty well with those of my impressions from the video.

One thing, at this moment, that I will add: In view of their ongoing Advanced Exploration Phase, and the substantial cash-burn it entails, I think that the decision to focus earlier this year on securing that private placement cash ... is looking better and better ... given what seems to be, of sorts, a potentially long-lasting global recession.

Hardly my field of expertise, but
, in this developing negative economic environment, I suspect raising such cash for a METALS EXPLORATION COMPANY [which has no revenue to speak of], would be NOW much more challenging than it was earlier this year.

I say, again, congrats to the OCO team. [Of secondary importance, I wonder whether this push to prioritize the acquisition of this timely private placement cash was initiated and pushed, specifically, by Lock, or, by the entire team?]

And, again, thanks to MROBPOR for the very good summary.
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