TSX-listed Marimaca Copper (TSE: MARI/ ASX:MC2) is listing on the ASX on Wednesday. Its flagship undeveloped copper asset is situated near Antofagasta in Chile. If you’re interested in doing some research on Marimaca, a plethora of documents dropped on the MC2 forum today.
Marimaca is currently in the process of completing a feasibility study for the Marimaca Copper Project.
HAV used a cut-off grade of 0.40% for the main Cu-Au resource.
So similar resource tonnes, with Kalkaroo having the higher CuEq grade at 0.83% vs 0.67%.
If you still don't think the market is grossly undervaluing HAV (MC: A$64m), Marimaca (TSE: MARI) has a MC of C$523m (A$581m) as at 27/3/25. FYI- Marimaca has cash of C$23m as at 31/12/24.
IMO these comparisons are reassuring; one day the ASX pricing will bridge the valuation gap.
DYOR
HAV Price at posting:
19.0¢ Sentiment: None Disclosure: Held
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