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

Bullboard Posts

Comment by ElJon May 13, 2010 2:41pm

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Post# 17096007

RE: RE: I Hope for a BAD Q1....LongonZinc

LongonZinc,
I respect the manner in which you interpret the released number and agree when you indicate that "the monthly differences(April compared to March 2010) look like different ore grade and maybe even type.

Q1 will not be good(EBIDTA pos., but negative Net Income before Taxes is my expectation). In addition to your focus on the need for fuller disclosure I suspect we also agree that the price of Moly has become even more critical for Mercator since the copper hedging agreement. We are probably 6 to 9 months away from proven production success by the company, but the market does try to anticipate,

Peace,
Good decision-making to All,
ElJ

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions