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 Sharpie009on Feb 07, 2009 8:33pm

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Post# 15761444

RE: RE: Warrants and Idiots

I do believe that someone had mentioned to buy the warrants because they were cheaper than the shares. Cheaper is not necessarily a better thing. The leverage numbers you quote for Yamana and Mercator are the "leverage numbers" mentioned in the Canadian Stock Warrant Value Numbers report. Those figures simply are the common share price divided by the warrant share price. Those numbers by themselves are meaningless. It totally excludes the impact of the strike price. By leverage I am referring to what happens to the price of the warrant if the common share price lets say doubles. It is this leverage factor one would typically assess when deciding to buy the common shares or the warrants of a company or when comparing different warrants. Bottom line is I am buying the common shares not the warrants of Mercator based on current pricing.

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