Marimaca Copper Corp T.MARI

Just Thinking Out Loud

[micromike]

I was reading a research report on Lundin Mining.Here’s was part of the report.


“He addresses the stock’s recent price weakness stating, “Lundin’s share price performance has been impacted by uncertainty around Chile’s upcoming presidential election/constitutional reform and associated impact on royalty rates in the country. Additionally, the company recently lowered 2021 production guidance at Candelaria (52 per cent of net asset value) and expects 2022/2023 production to be 10 per cent to 15 per cent lower as a result of revised LOM [life of mine] planning. Three-year guidance is anticipated later this year with Chile’s new constitution expected to be ratified in mid-2022 providing more clarity to near-term operating assumptions.”
 
Here’s my thoughts.

Mari would be a nice fit for them but the Government Issues are probably a roadblock now. It’s probably a road block for other interested parties.

So my wildest guess is that I will not see a buyout till at least mid 2022 as long as the government does do anything drastic.

JMHO

[grossmrkup]

Mid 2022 jives with my thoughts as well Mike.  We've poked a few holes in Cindy and Mercedes which will add some tonnes and years to the mine life.  I suspect we will drill up the Marimaca oxides at depth as well as infill the resource and add some more tonnes there too.  Say 6 months to make it all look pretty and then a sale some time late spring or summer next year. 

[CG2021]

I'm thinking more mid 2023 all depends how the economy rebounds and the price  of copper.  My guess you guys are long term investors and have been with this stock for a while now so I get your lack of patience. I also understand that this is Green stone's  crown jewel. They will not let it go for cheap, everything has to jive. It will take time and all depending on

[Seahawks16]

My understanding is Greenstones investment term to its LP's is expiring soon which may add some pressure to move this thing, or they may all agree more time is required to appropriately package this thing.  The question is where do we go from here? More drilling which means more money and dilution, this option may not be as desirable if the current high value targets haven't turned

[grossmrkup]

Can't think what they would be doing to push a buy out all the way to 2023. Stage 5 met is done.  Drilling at MOD depth extention and near by will be added to the resource over the next few months and incorporated into the DFS as will infill drilling move a lot more tonnes into the mine plan.  Shouldn't take much longer than 6 months to get that work done so a buyout anytime

[allaboutvalue]

I think a buyout offer could easily come well before 2023 and before anyone here expects it. Just like what happened with GT Gold  this year (and Nevsun in 2019)... The cupboard is bare for high quality financeable copper projects that can achieve near term production.. Some of the gold producers are sitting on mountains of cash and making more every day and some of them arelooking