Mercator Minerals Ltd MLKKF

Metals & Mining Industrial Metals & Minerals

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.

GREY:MLKKF - Post by User

Mercator Minerals Ltd

Bullboard Posts

Comment by bjorn3d2bon Jul 08, 2008 10:20am

237 Views

Post# 15267579

RE: Where's the bottom for this freefall...?

I don't know where the bottom is but we are stepping up to the plate everyday that it is down so as to average in on this decline. I personally think the sellers here must be distressed and or suffering margin calls. At some point the hedged short positions will start covering. With the stock now near 3X 2009 EPS I am a buyer in accounts that have none.

By the way "ramp up" to expanded production is ON TIME. NOTHING has changed other than the fact that we can now buy shares at a huge discount to NAV of &25 - $30.

I am throwing up some bids but will not buy all at once in this market.

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions