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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 fundinvestoron Aug 04, 2020 1:56pm
167 Views
Post# 31362416

RE:NPV and stock Price

RE:NPV and stock PriceHienzenberg - to be conservative I would say an asset of such quality should today be worth at least 0.5 x NPV. This puts us to $5.30 a share TODAY. I'm hearing that this is also a high quality PEA. i.e. that it is based on industry quotes, not comparisons. So this provides another level of comfort. 

I believe further oxides will be found, and the quality of this asset will become obvious to the market. I believe the asset will then trade closer to 0.7 x NPV, or $7.50 a share. Finally, I think this asset is so rare, and with such an interesting land package that I think if someone wishing to buy it you will get close to full NPV.

But remember this is just the Marimaca oxides. If the sulfides do extend with grade under the oxides or if Marimaca is actually one of a cluster of deposits (as the company has started to hint at) this could easily be a $20 stock.
Bullboard Posts