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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
Comment by micromikeon Aug 13, 2016 9:56am
139 Views
Post# 25138615

RE:Coro most recent presentation.

RE:Coro most recent presentation.That wasn't a good presentation. It was a great one. 
Like you said. The only risk is the price of copper.
If copper recovers in price within the next few years. Then COP is going to be really big winner..

If in fact Marimaca is going to be bigger than San Jorge as Grossmrkup has posted. Which he is probably the most credible person that I've seen post. Then back in the day just before the government shut down San Jorge. COP had 150M shares out and was trading around $1.5 or so and the price of copper was above $3. I can't remember what the price was. They had a market cap of 225 mil.
 
Even thought the price of Copper is down from San Jorge days. I have no idea what the price will be in Q2 2017. They do have Berta producing. So if the company executes as per the presentation then Q2 2017 Marimaca PFS will be completed.  COP has 445M shares out now. They should have a market cap of a minimum of $225M. So my wildest guess is that at a minimum. COP should be trading @ 50 cent in Q2 2017. If the price of copper is trading way higher then we should be trading way higher than 50 cents.If it's trading way lower then all bets are off.
 
JMHO
MM
Bullboard Posts