Marimaca Copper (MARI) - Copper Player Aiming to Become World-Class
Matthew Gordon, Ptolemy Capital
4 Months ago
Marimaca Copper, founded in 2004, is a Canadian-based copper company. Copper has been gaining a lot of traction recently, and part of this has undoubtedly been driven by reflationary spending on industry and infrastructure to kickstart economies post the COVID-19 lockdown. Consuming 51% of global copper production in 2019, China is at the forefront of this.
With copper prices rising up to $6,700/t, there has been a lot of interest in copper mining companies from the market in recent months. This is especially true of Marimaca Copper; its share price has tripled in around 4-months. Marimaca's flagship project, the Marimaca Project, is based in Chile's Antofagasta Region. Some recent drill results demonstrated the potential of the project, but now the plans have changed a little. The exploration upside has become a main priority. Could this turn the project from good to world-class?
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