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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. This area is referred to as the Marimaca District.


TSX:MARI - Post by User

Comment by micromikeon Mar 17, 2021 7:53pm
134 Views
Post# 32822749

RE:RE:RE:Big volume

RE:RE:RE:Big volumeI wonder if it’s the same person who was in on the early Xmas present financing.
 
I did a fast estimate on what the cost of the last financing to the non participants would be on a hypothetical buy out price of $10 a share. We lost $1 in value. So that means instead of $10 we get a $9 valuation. I’m no accountant so those numbers could be out.  I can’t complain considering we could be trading way below $1.25 (5 cents pre- split ) if the owners didn’t hit pay dirt. The owners had way more money at risk back then. I do believe they are in the green now.  I ‘m guessing the owners average price is around $2.25. I don’t want to jinx anything by saying this but the risk could be going way down considering what the future holds.


MM
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