Marimaca Copper Corp T.MARI

RE:RE:RE:RE:RE:RE:Slow volume

[gold_diggers1]

micromike wrote: The news release explains the numbers and Greenstones percentage.
Present share outstanding 346Mil.

So if I'm reading this correctly the final share count would be 346Mil + Tranche 1 of 34Mil and Tranche 2 of 66mil for a total of446Mil. Greenstones ownership is determine by a vote.  

The market cap would be 446Mil X 10 cents = 44.6Mil .
 
When San Jorge was a going concern the O/S shares were 180Mil or so and it hit $1.50 for a market cap of  270Mil.  Back then copper was $3 or something like that and they didn't have the Nora plant.
 
So if copper ever gets back to $3 and Nora is making money  and  Marimaca is as good or better than San Jorge then I see why the market cap can't be the same or larger. So 270Mil / 446Mil = 60 cents per share.
In a perfect senerio this could happen which is a 600 % gain in I'm guessing 5 years. Obviously copper price have to recover or not fall more, Nora plant has to make money and Marimaca has to have the goods. So that is your risk on this play.

JMHO
MM 

micromike, thanks for your reply again.... as I'm new here.  I own MIN and wanted another copper play during a low copper price period... and I saw COP....
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Thus far, people are selling big time between $0.09 - $0.10..... Is it because lots of them bought shares during the long stretch of COP being $0.03 (now they are making 200% gain) and/or they do not like the final float?  
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Why are these people selling relentlessly even when Greenstones is willing to exchange their debt with $0.10 shares (instead of $0.04 shares) which indicates the confidence Geeenstones has in COP?
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I did buy small amounts at $0.12, $0.11, $0.10, and $0.095.... but it has drifted lower since then..... So, I am waiting a bit to buy more....
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Hence just wondering why..... 
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According to some analysts, copper price won't recover until maybe 2018..... but now it's the time to buy beaten down copper equities.
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GLTA