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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Post by bjorn3d2bon Sep 09, 2008 11:29am

214 Views

Post# 15441075

The Good News

This is a huge opportunity to make big money.

The Good News is that ML does NOT need any new capital to complete all phases of the expansion. As difficult as it is to endure the markets decision to sell off so severely, in the long term, it really doesn't matter. I have always considered this a multi year trade as I am convinced that the stock will rise with substantial earning growth. This price of $5.89 represents the best value that I have seen here since I purchased my position under $.90. I would not hesitate to pull the trigger here LARGE knowing that I am buying the company for a fraction of its real value if/when sold. I just don't see much downside risk here if any.

This whole market including ML looks like it is in the capitulation phase of this decline. If so, we are close to a BOTTOM.....

Cheers?

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