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 twonxanityon Apr 02, 2010 1:29pm

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Post# 16952269

RE: FS&R

Since you seem to be a decent analyst I have a question for you. EBITDA was approximately 7 million in Q4, where they heck did the profit go to end the quarter with a small lost. They disclosed an interest expense of 3.5 million for Q4, average for the year, but also 6.96 million for the 2007 Notes. I am assuming this was on top of the 3.5 million.

What was this additional 6.96 million for, was it related to the Q3 EBITDA breach??

I am just having some trouble figuring out form the numbers why net income was less than expected in Q4. Is there a simple calculation that breaks down Q4 net income versus Q3.

Thanks

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