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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
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Comment by CalifDreamingon Nov 19, 2008 4:32am
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Post# 15594887

RE: RE: Takeover?

RE: RE: Takeover?QUA could buy ML and pay down the debt with cash on hand.  HBM could do the same thing. 

The question is if they would bother - ML might not survive long enough to make it to positive cash flow and predators might be able to snap up Mineral Park in an asset sale by the creditors at a nice discount.

I think ML would make a tasty morsel to a lot of people - the most logical suitor is QUA based on their other Arizona mines.  But QUA said in their recent CC that they wouldn't be interested in buying anything unless the price was right.  And in this market, the price has to be outrageously cheap to get people to part with a big chunk of cash.
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