Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Feb 27, 2018 11:36am
135 Views
Post# 27628708

Working on the Exit Plan Already

Working on the Exit Plan AlreadyGreenstone and Mangement have a plan A & Plan B. With the USD$8.0 financing raised, they will buy the SM Claims for USD$6.0 million asking price. The world Cu market is predicted to be extremely strong going into the coming years, and exploration plays in Chile are scarce with no new discoveries for over a decade. Greenstone will likely sell off Coro Mining with its exploration claims package and not do any drillings on SM.

LIke the deal with the White Spot land in Vancouver that was sold to a Hong Kong listed company recently for C$245 million. The land was assessed 2 years ago for $50 million, and recently re-assessed for $100 million. The White Spot Company has the building permit drawn up for 3 residential towers, but chose to sell to the Chinese for a huge premium due to the hot condo market without even putting a spade in the ground.

Greenstone is doing the same thing to extract a good premium for its chilean grounds. Why Greenstone doesn't engage or hire some major Investment Bankers to solicit sale leads me to believe it has already spoken to interested buyers, and/or Greenstone is contemplating doing a LBO deal itself.

Greenstone has been putting the boot on the neck of Coro Mining stock to prevent it from going up so it won't upset the apple cart.

Bullboard Posts