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By Calichebahada.com
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What if…..

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What if I told you I had a copper company few had ever heard of, and this company would be releasing news like this.

Would you be interested?  Would you buy?

Then I told you this same company has some drill results, spectacular drill results! Results that have made other companies jump 10 times their value just on one hole, but they have many…

Hole numbers 14 and 25 showed 160 metres of 1.14% copper.”

That is copper metal! 1.14%, not copper equivalent, to get that you add in gold,silver and molybdenum credits,  which they have!

Would you be interested then? Would you buy?

What if i told you they had many holes, 81 in fact, that total over 30000 meters. Enough to calculate indicated reserves of

“195 million tonnes grading 0.52% copper”

and then that they increased those reserves to

480 million tonnes grading 0.40% copper, 0.0016 opt gold and 0.0031% molybdenum. This amounts to 4.2 billion pounds of copper and 768,000 ounces of contained gold.”

The company is now starting to call this an “extensive porphyry system” and a “world class discovery”.

Would any of this interest you?  Would you buy?

Then what if they discovered another zone to the South that contained a similar amount of material.

567.7 million tonnes grading 0.405% copper are present in the South Area deposit”.

Hmm you would think “this is getting big” would you jump in then? What would the market be valuing this at? Has it already reached full value?

Here is a look at the resource model using a .3 cutoff.

Then you discover the deposit is actually economic to a cutoff of .15 owing to the higher grade zones that can be used to accelerate payback!

But wait! there is more…

Exploration work to the north indicates more mineralization.. high grade mineralization..yet to be drilled.

The deposit is open to the north, south, down dip to the west and to depth under the known orebody.

They have already done metallurgical studies.. these report 90% recoveries with conventional milling.

Would all that induce you to push the buy button if you hadn’t already?

Those are all results from Santo Tomas by a previous operator released from 1992 to 1995.  You may think they are historical and cannot be relied upon.. I would say they give you a pretty good idea of the potential of this deposit and the fact it was pursued at $1 copper $380 gold and only $5 silver, it must be worth a pretty (copper) penny now!

Subsequent work now totals 8.5 billion pounds of copper, 10 billion in copper equivalent with an in ground value assigned by RBC of 3 cents per pound we are looking at 300 million USD with a gross deposit value of close to $30 billion with a “B”!

‘Too good to be true” you would say… “it must have been bought by a major already”

To that I would say “unicorns exist”!

There are sometimes such extraordinary situations that are difficult to comprehend, situations that can literally make fortunes for those that have the foresight to delve deeper than the rest..

What if I told you you can buy this company at such a discount to the RBC valuation that you would still be paying less than a penny a pound, and that buyout prices for deposits like these are between 7 and 9 cents per pound. Would that interest you?

What if I told you you could have this company with all the previous discoveries and work done (~25 million worth) for a fully diluted post acquisition market cap of only 100 million?

Will you buy?

Oroco Resource Corp

OCO tsx v

ORRCF us otc

OR6F frankfurt


Source: http://calichebahada.com/2019/05/14/what-if/


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