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Mercator Minerals Ltd MLKKF

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

Bullboard Posts
Post by bmann025on Apr 15, 2013 9:37pm
302 Views
Post# 21257389

Rescue

Rescue

Would it be possible, that ths company may eventually be saved by their copper hedge - though not the way you would think ?

If, for example, during a  market crash, copper goes below 3 dollar and perhaps even to 2 dollars or lower, their hedging would become a valuable asset. Selling hedges to repay debt and interest and pausing production until prices recover would then be an option ?

Bullboard Posts