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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 > Brasiles drilled first?
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Post by coppermonster on May 25, 2021 3:17pm

Brasiles drilled first?

Someone is suggesting that Brasiles will be drilled first? Thoughts on that?
https://www.reddit.com/r/Oroco/comments/nkwavm/oroco_timeline_3dip_and_chihuahua_permit_this/
Comment by AnchorValue on May 25, 2021 7:54pm
I think it is all dependent on how the permits are awarded. Last I heard Brasilles was not going to be first, but not because management was against it, but because they expected one of the other zones to be awarded first. That being said, I'm in favor of the Brasilles zone being drilled first because currently we are getting some credit for the other zones that have been drilled ...more  
Comment by CopperKing101 on May 25, 2021 8:30pm
I think where they drill first, second, or third is not material to those of us who are hanging in for the buyout. At some point, it's all going to get exposed for what it is and the buyer(s) will determine what it's worth. Actually, I would prefer to see a slower steady rate of discovery or confirmation as not to get an early bid from a state-run operation that doesn't have to be ...more  
Comment by AnchorValue on May 25, 2021 9:15pm
Maybe. They clearly are looking to do one more massive raise before they go full out on an accelerated drill program.  If they have a view that the stock price will sky rocket based on a few Brasilles holes with good headline grading, I'd like to pursue that path. SLS has shown the playbook. I am not for giving away more of the Company just because the upside is potential very ...more  
Comment by aYozzz on May 27, 2021 12:24pm
Any raise before brasiles drill results would be awful execution. I still believe that the December 2020 raise was a waste of shareholder equity. That Dec raise could've happened now...
Comment by caliche on May 27, 2021 5:10pm
disagree. everything oco management does is well thought out and debated back and forth..  easy to criticize now but in december no one knew if the world would shut down again for the n th wave  totally supported the raise then and still do..  armchair ceo's have no idea of the internal workings of a public company working in the capital markets.. lots of moving parts always ...more  
Comment by AnchorValue on May 27, 2021 6:56pm
aYozz - management has been at it for too many years where the cap markets were not in their favor. Don't forget they've had failed PPs because the cap markets have sucked so hard as recent as 12 months ago. I am a believer in long term copper, but I'd be lying if I said we'd be on our way to $5 copper just a year after a pandemic closed the entire global economy. Copper was at ...more  
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