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 Kurd30on Feb 12, 2013 12:41am

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Post# 20972613

RE: RE: What will drive this stock higher?

Funding for El Pilar?? They can barely service their current debt levels nevermind additional debt. They sure as hell cannot issue equity to raise funds for El Pilar as it would erode any value at current pricing. Farm out may be an option if anyone would be interested.

There are several reasons for the price sitting below 0.52 and one of them being the overhang of Mineral Park geology currently under review with potential for the resource estimates being revised downwards from their earlier models. Than there is the debt of course. Operationally, they certainly have improved, just hope that it is not a case of too little too late.

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