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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 micromikeon Jan 29, 2017 11:03am
120 Views
Post# 25769397

Chill Out

Chill OutA few people need to chill out.
 
I don't know the laws in Chile but I would think you would need an operating permit to be able to produce and sell your product. From the news releases, they have been testing and working the bugs out and waiting for the permit. Doesn't really matter if they sold it or not. If they didn't then they stock piled it for future sales.
 
This discussion should be about whether they will get the permit or not and if they do then how much money can they make and can they now go out and get financing without issuing shares.
 
Bottom line is that they need the operating permit and then they will be officially producing. My guess is that we should make a new 52 week high if and when they get the permit. Markets hate uncertainty.


MM
Bullboard Posts