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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 Oregonduckon Jan 18, 2017 5:44pm
181 Views
Post# 25725277

Let Me Clear the Air

Let Me Clear the Air
I shall weigh in on the discussions re Endless stock at 17 cents...(a) This stock is rigged and as Trump would say "It is beautiful and is really, really good"...(b) We don't know but presumably most or all of the 10 million warrants have been exercised (Q1 2018 financials should tell the tale). John Kaiser has recently said he sold Coro stock at a small loss but was holding on to the warrants still...(c) There is no friggin' way anybody can dump 10 million warrants for a 2-cent profit and trading records would show otherwise ...(d) Coro does not need to again go to the Greenstone's money well for PP. Why? The Co. says the project could be financeable based on the upcoming feasibility study, or for those who know the parlance, a bankable study for a production loan based on assets...(e) The Co. raised $10 million in May 2016 and the funds have been capitalized in the Q3 f/s under " E & E transfer" in the amt. of $6.2 million (excl. $250,000 down payment paid)...(f) I don't expect more incentive options to be awarded anytime soon as there are 38.8 million options outstanding which give rise to a rich takeover reward for management who holds 7% of the float...(f) Full copper production will not commence until Q4 of 2018 (For instance, Lundin Mining bought the small Michigan mine in late 2013 and is now commencing production of copper...and finally, (g) the level 2 offers are pittance in terms of value as Coro is just a penny stock. Some of us have more stock than on the ask.
Bullboard Posts