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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 grossmrkupon Jan 15, 2017 6:39pm
134 Views
Post# 25710712

RE:Takeover Target

RE:Takeover TargetI'd be happy with a buyout at .50 but I don't see it happening any time soon. Greenstone is going to want to maximize the return on their investment. The best way to do that is to allow management do what it does best, which is to build a copper mining company. The copper bull is likely going to run from now through 2025. Cashing out early would be a big mistake and not one Greenstone is likely to make. Also it will take time to extract maximum value from Marimaca. They need to continue drilling and expand the resource in addition to acquiring the adjacent lands wherein the deposit extends. This is likely 12 to 18 months out. At 200mt I think we get bought out no matter what and I'm happy to be wrong about your prediction. I'll take .50 and put it all into First Quantum and ride the copper bull into the sunset. G
Bullboard Posts