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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 micromikeon May 13, 2023 9:28am
98 Views
Post# 35446802

RE:Not sure what to make of this trading activity

RE:Not sure what to make of this trading activity The analyst price projection for MARI does not including the recent new area that they are drilling. I have no idea why the results are taking so long but it does concern me that they are not out.

The price of copper has nosedived in the last few days. May 10, the average price was $3.88.  It closed on Friday @ $3.71. That’s a really big drop in a few days.  I think it’s the fear that copper is heading  down even further that we have lots of selling pressure but that’s just a guess.

Hopefully copper recovers or else there will be more selling pressure on the shares.


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