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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. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Post by Bill1800on Jan 02, 2010 10:00am
467 Views
Post# 16632104

share price

share pricefor whats its worth, I was looking at the 3 year chart for Coro with respect to the sharp drop in share price in late 08.  I was looking at the financial statements preceeding the drop and the statements following the drop.  I really dont know how to read financials but the thing that stood out was that statement in Sept 08 stated basically that they were not sure whether or not they could sustain operations, and they had a 19. million dollar debt, I did not see this in previous statements.  I think there should be a statement next week and I hope that they have taken care of that debt.
Bullboard Posts