Bullboard - Stock Discussion Forum 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... see more

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TSXV:OCO - Post Discussion

Oroco Resource Corp > JP Morgan March 1 Copper Price Forecast

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Post by LongTView on Mar 02, 2023 5:00pm

JP Morgan March 1 Copper Price Forecast

On March 1, JPMorgan Chase predicts that copper prices will reach about $9,100/mt by the end of 2023, and will exceed $10,000/mt in 2024. The average annual price in 2024 is expected to be $9,850/mt.

Today copper is about USD 4.02 per pound and $9,100/mt is about $4.12 peer pound $9,850/mt equates to 4.47 per pound.

Good news for Oroco's PEA as they will need to set a price of copper for the revenue forecast to calculate the NPV.

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