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Bullboard - Stock Discussion Forum 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... see more

TSXV:OCO - Post Discussion

Oroco Resource Corp > Weekend thoughts.
View:
Post by caliche on Nov 15, 2020 3:26am

Weekend thoughts.

Copper had a strong close on the week. Oroco's IP program is in full swing already expanding the south zone to the east and to depth, both open! With copper going up and the deposit growing I can think of no other opportunity I've seen in 30 years with the potential to change lives as great as Oroco's Santo Tomas! Be right, sit tight, get rich! Shoutout to our friends in Victoria
Comment by MikPrecious on Nov 15, 2020 9:39am
More to come.  The next IP news update is in two weeks and I heard it's just as spectacular.  This is at the minimum a $3 stock takeover but it in reality it should be about $4-5 I have been told they are aiming.  Smart people running the ship.  
Comment by MariuszSkonieczny on Nov 15, 2020 10:29am
Comment by Overertune on Nov 15, 2020 2:40pm
Now the buyout target becomes 7$? Because of rising copper price?
Comment by auricgold on Nov 15, 2020 3:41pm
only if we have 1.5 billion lbs of copper. you multiply by 8cents a pound, thats the formaula I heard. and then 80% of that is OCO potyion. So yes, in theory but only if we dicover massive resource in north and brasiles zones. Caliche, please correct me, you know better. or even Mariousz.
Comment by ukermann on Nov 15, 2020 6:59pm
A $7-$8 doller buyout could very well be in the cards if the grade in the North Zone along with the Brasiles Zone comes in @ 1% or better. Add some depth to that, and the game changes. Billions of additional lbs at a high grade allows the buyer to get a much faster return on their investment, allowing the remaining life of mine to operate, and here we're talking decades, at cost. The initial $ ...more  
Comment by EStreet on Nov 15, 2020 7:56pm
Way to many variables to speculate on a take out price,,. In mining lots can happen between now and then, both positive and negative,,. Realistically speaking, The North Zone 3DIP results within mere weeks could shed a lot more light on where the values are going,,. Brasiles as a dark horse could reallly be a game changer,,,,,,, exciteing times,,!!
Comment by auricgold on Nov 15, 2020 3:39pm
Agreed Mik. 3$ takeover minimum, however, if the other zones are massive we will be a 5$ takeover.
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