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 Sharpie009on Dec 02, 2008 11:45am

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Post# 15622544

Current pricing

I don't think the current pricing reflects the excellent economics of this project. Still seems to be a lot of forced selling or tax selling occuring. I certainly don't have any hesitation in accumulating at this point. Will monitor copper and moly prices to see if my investment decision will change but at this point I would rank it as a strong buy. Despite the recession my thoughts are that copper and moly prices won't drop much further than current levels. Time will tell.

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