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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 micromikeon Dec 13, 2022 10:07pm
130 Views
Post# 35170002

RE:RE:RE:RE:Starting to have trouble seeing an exit strategy

RE:RE:RE:RE:Starting to have trouble seeing an exit strategy The exit strategy has never change for me. We get bought out.I can’t see a big fish buying them until the permit is issued.

Need the mining permit which hopefully happens next year.

The volume has jumped big time considering the lack luster volume we’ve had in the past. Some larger blocks are moving into new hands. 

The only risk I see is the government screwing up the permit or they are bulsh*t about the mining costs. The reason I say this is in the past they always used $3 and $3.5 copper when copper was way above $4. They also stated a NPV. Now we're below $4 bucks and they are using $4 and are not stating a NPV for the mine. Go figure.

Keep the faith Grossmrkup


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