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.

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Mercator Minerals Ltd

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Comment by bjorn3d2bon Jul 09, 2008 12:21pm

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Post# 15273431

RE: Base Metal Forecast

Thanks 24~karat

Correct me if I am wrong BUT

If ML were to average $4 copper by the end of 09 at full copper production of 56 million pounds per year the gross earnings from copper production alone would be in excess of $3 EPS... Now we add the earnings on the Moly production of 10 million pounds per year at a conservative $30 per pound and we end up with another $4 per share in gross earnings.

The Total gross earnings now looks like it could hit $7 Per Share by the end of 09 and 2010. Take out expenses and we will still see $6 + EPS.

Put a Conservative multiple of 7x EPS and we have a $40 + Stock Price

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