ORRCF - Oroco Resource: A Lofty Valuation For A Historical Resource

• Oroco Resource is one of the top-performing copper stocks this year, up over 330% year-to-date.
• The company is currently exploring the Santo Tomas Project near Chihuahua, Mexico, where it holds a 62% interest in the project's core concessions.
• Unfortunately, for investors, Oroco is now trading at a valuation of above US$0.08/pound of copper for a resource estimate that is not yet NI-43-101 compliant (historical in nature).
• This leaves the stock significantly overvalued relative to what's been paid in M&A transactions in the past, with the stock also severely overbought at US$1.50.
• Therefore, I believe investors would be wise to book some profits at current levels as the stock looks to have got ahead of itself on a valuation and technical basis.

For further details see: