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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

Comment by Skateron Feb 22, 2021 1:25pm
110 Views
Post# 32627503

RE:RE:RE:RE:RE:RE:RE:RE:RE:Financing would be my guess

RE:RE:RE:RE:RE:RE:RE:RE:RE:Financing would be my guessIf they are a long term holder, should not change the public float, and we should continue climbing.  Now what if that investor was a large copper company, like for eg. First Quantum, then it might change your view on the dilution and why now.  I just picked First Q just because of the board member, but this could be the beginning of a JV with a major looking to get in the game early if they can prove out major find.

Greenstone has been in this a long time, and if I recall their average cost is somewhere around $3 (post consol).  They'd be looking for decent returns minimally of 300-500% and likely more now given the time factor.  So we need $15-$20, give or take a few bucks.  I could live with that.


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