Marimaca, the Chilean-focused copper developer, today has announced the extension of the mixed oxide-secondary sulphide zone below the PEA pit limits at the Marimaca Oxide Deposit (MOD). We believe these extensions have the potential to increase the size of the leachable resource at the MOD which may support a larger/longer operation than the 40ktpa proposed in the PEA for which we have an NPV of US$515m (equivalent to C$7.2/sh) at $3.15/lb copper price. The company is currently progressing towa ....
