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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 allaboutvalueon Jan 15, 2023 2:44pm
150 Views
Post# 35224370

RE:Another dud week for Marimaca

RE:Another dud week for Marimaca I believe it's the board and management's responsibility to add and maximize intrinsic value per share and to minimize downside risk by advancing and de-risking the project in a responsible manner. I think they've done a first-class job there in the context of the company's progression over the last few years.  I relate to the frustration with the current share price in the context of the recent increase in copper spot prices. I don't know what management could do to get this stock out of a rut and in fact it's done pretty well compared to some developers I follow that are down 50% or more from their 2022 highs.

It has been a long go for many of the folks on here. Might as wall remain positive and patient, the cream generally rises to the top eventually. 
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