Post by
Richiechile on Jun 05, 2020 10:10am
Market waking up
A really exciting time for Marimaca. On the one hand, systemic copper supply constraints, global government stimulus post Covid and demand growth for EVs and renewable energy. Copper price will bounce back very hard and very quickly. Post the GFC copper went from $1.37/lb in Dec 2008 to $4.37/lb in Jan 2011. I can see a repeat. On the other hand, Marimaca will become a mine. Great location, simple permitting, no community or land issues, simple low strip open pit, great infrastructure and financeable. 40ktpa of copper production in the bag and much more exploration upside to come including sulphides. Bring it on!
Comment by
tonyabou on Jun 05, 2020 4:27pm
This post has been removed in accordance with Community Policy
Comment by
micromike on Jun 05, 2020 5:15pm
38.848M Very strange trading today. I can't figure it out. The price of Copper is definitly breaking out and moving up.
Comment by
Woodman601 on Jun 05, 2020 5:18pm
I'm going to guess about 10 million shares
Comment by
fundinvestor on Jun 13, 2020 5:53am
I agree. And it looks like we've traded 800,000 sh in the last 3 weeks. Big number if the free float is only 10m or less.