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 Hqzuj12on Nov 29, 2010 2:10pm

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Post# 17771625

$7.68 million

Isn't it 7.68 M

Someone has got the decimal wrong.

The News release says, " Adjusted net income, excluding non-cash items, for the third quarter was $7.68 million (reduced from $14.78 million previously reported). "

Someone is trying to make this look bad to buy in cheap. It looks to me like $7.68 M, and not $76.8 M.

$7.68 Million

This is why the stock did not drop.

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