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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 CG2021on May 14, 2021 8:42pm
128 Views
Post# 33208878

RE:RE:RE:Trading

RE:RE:RE:Trading

Question is why is it a slow burn ... I don't see as many active avid believers like I see with Solaris or Oco or even Filo that was mentioned previously here on this board. I believe investors should be helping their company by promoting and getting the story out... I Twitted a question why isn't this stock on the radar of investors with skin in the game. There is no excitement about the deposit allot complained about the size, some wanted to wait for the drilling results, some complained that the acid consumption was to high, some about the trading... Here is an answer I got from one :" I've known about Coro Mining since the last cycle and it's never looked interesting or special to me.   And as I've recently tweeted, net acid consumption is quite high.  Not for me."

I believe that this project has very good potential once they increase the size of the deposit it will attract more Investors and capital. The fact that we don't have a sulphide deposit to fall back on dented the prospects for some. I think it proves the lack of understanding and what are the drivers of this project. Accessibility, low strip ratio, low capex, access to infrastructure, port, manpower you name it leads to cheap production costs and maximizes ROI. 

My biggest issue like some here is the size of the project, the issue with trading pattern but I'm thinking it's MM playing with it. Let's be honest here we have been carried by the copper price so far the micro environment needs to start producing results to see a jump in share price. Once we have share liquidity and we reach target price for some investors we will have turnover in investors and continue an upward move . 

I like the new management, I like the project and am hopeful that we will expand the deposit. 

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