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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. This area is referred to as the Marimaca District.


TSX:MARI - Post by User

Bullboard Posts
Comment by fundinvestoron Aug 14, 2020 4:49pm
99 Views
Post# 31410682

RE:RE:Level II

RE:RE:Level II

I think it's fine. 

As someone today said to me, the market is effectively trading with a spread of $3.00 / $3.20. In that if you wish to buy you have to bid up the stock to $3.20, and if you wish to sell you have to knock the price down to $3.00 and you will get filled. 

So just a bit of a standoff at the moment. Which is fine. I don't see it trading meaningful volume below $3.00, and I think they are people out there who want to own the stock. In time there will have to bid up the price. But may consolidate at this price for a little while. 

This stock has fudementally changed with the PEA. This will be a mine. And a low cost mine that will make a lot of money. And a mine that may be sitting on a much bigger copper system. This asset has a value higher than this stock price. It's just a question of how much value we realise. 

Bullboard Posts