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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 14, 2021 10:08pm
123 Views
Post# 33209040

RE:RE:RE:RE:Trading

RE:RE:RE:RE:TradingThink you've answered your own question. As for whoever said that the acid consumption is high they must not be too bright. The deposit has an AISC of under $1.50 / lb. One of the lowest out there and that includes the cost of acid and takes into account the metallurgy. So they were either ignorant of the PEA or just being intentionally obtuse. The only reason Marimaca doesn't get the attention it likely should is that it's small. That is going to change and has actually already done so. When the metallurgy comes back I suspect we will have an addition 50m tonnes of oxides. So almost a 50% increase in the MOD. Add success at any of the other targets and things will change dramatically.
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