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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

Comment by grossmrkupon May 05, 2021 10:43am
96 Views
Post# 33131672

RE:RE:Somebody has to say it

RE:RE:Somebody has to say itAnyone who is underwhelmed by these results definitely doesn't understand their significance.  
This is a considerable amount of oxide ore that will be added directly to the mine plan.  This is WAY better than sulfides at depth.

A savy investor would also note that there is a lot of copper from previous drill programs that were not included in the original mine plan.  These results will enable that copper to be added to the resource as well.

At $3.45 copper MOD has an NPV of 640M USD - rework the numbers at $4.00 and add another 40m tonnes of copper at .5% - Can you say 1 Billion dollars US?  OR $12.00 per share - not giving any value to any of the other targets yet untested?

The stock price is going to pop when the market has digested this news.
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