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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 micromikeon Aug 09, 2020 7:10pm
128 Views
Post# 31385207

RE:RE:RE:Thoughts and predictions??

RE:RE:RE:Thoughts and predictions??Big time profit taking.

The last time the share price has been at this value was Feb 2018. So all those people who bought shares after that are in the green.  If you were lucky enough to buy it at 5 cents ($1.25) recently. You have an easy double like in 2 months. There’s nothing wrong with doubling your money in 2 months. The virus is also putting pressure on people to sell. There's a ton of good buys to move your money from MARI to them. I would be taking profits but I still think MARI has way more upside.

If you’re in it for the long term then sit back and see what Tembro and GS sell the company for. I have no idea but my guess is that their average cost is $2.75. They basically own them so it’s up to them on how much profit they want or if they want to raise more money to do further exploration or build a mine.

If you think copper prices are going to crash then now would be a good time to sell.

I haven’t plug a company in a very long time but I think this one is worth a look at.  If you’re looking for an interesting copper play then check out NCU. Just like MARI. They have issues majors shares but they actually have a copper mine that should be fired up shortly.

JMHO
MM

Bullboard Posts