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

Bullboard Posts

Comment by bjorn3d2bon Oct 06, 2008 4:13pm

230 Views

Post# 15508594

RE: In @ $2.77

Your assessments are correct in my opinion and as far as the expansion is concerned I have been told by management that all is on track and within the budget projections. They are in the process right now of firing up machinery and integrating the mills electrical and mechanical systems. Concentrates are expected to be leaving for market in about a month. $60+ million in cash is sufficient along with cash flow from operations to finish the entire expansion.

I was a little surprised that the stock didn't close higher than this given the recovery seen in TCM and FCX. I expect a better day tomorrow but that may just be hopeful thinking. Welcome aboard, are you long or short term?

Bullboard Posts

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