I am so happy to see today’s (posted 12/20) press release from Oroco by Classic Value Investors. The company said,
“The Company is pleased to also announce the 50 year extension of the term of the Bob and Roberto Verde concessions, which constitute 2 of the 7 core concessions of the Santo Tomas Project. The resolution of the extension application for these two concessions completes the final pre-requisite to the transfer of the 7 core Santo Tomas concessions to Altamura’s subsidiary, Xochipala Gold, S.A. de C.V.”
I have been waiting for this for many months. This is the last hurdle before the final registration of Santo Tomas concession to Xochipala Gold can take place. In other words, the registration will come very quickly.
There are seven concessions and two of them expired in 2018.