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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (9)10/29/2012 7:44:19 PM
From: Goose94 of 202731
 
Geologist Merrill McHenry Keeps His Eye on the Guerrero Gold Belt - The Gold Report

MMcH:
Oroco Resources (OCO-V)has a small, 193-hectare project, the first mine discovered in the Guerrero. Its questions are: Is it economic? Is it enough? I expect Oroco will do some funding and drilling in the near term, so time will tell.

TGR: Developing the Guerrero will depend on sustained high prices for gold and silver.

MMcH: Although not necessarily any more dependent than other gold regions in the world. Keep in mind Mexico has the lowest cash costs of any country, $325 versus $649 world average, according to Thomson Reuters.

Oroco is a two-trick pony.
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