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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
Bullboard Posts
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(64)
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Comment by schoron Apr 07, 2009 11:20pm
277 Views
Post# 15903821

RE: RE: RE: A Possible Long Position Perspective

RE: RE: RE: A Possible Long Position PerspectiveFrom everything you've said Swas, if it plays out, then we are potentially looking at a multibagger this year. ML needs to execute over the next two quarters and get to 50,000tpd without unexpected problems.

The sp is at .79, one week ago it was .55 where there is stong support. After a run like this as well if the sp slowly drifts sideways, people will bail if they made profits or bail becuase they need the money for the next play du-jour. I'm thinking this is a great bet to put down some money, but you may want to wait and take your position slowly as you may get it cheaper.

A good bet is one where you understand the odds and the odds on this one seem to be tipped to the players favour. I'm not one to follow the herd, but the analysts just could be right this time and maybe low on the estimates.

Schor
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities