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 24~Karaton Mar 30, 2006 4:12pm

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Post# 10597198

RE: Probable profit

RE: “Regardless, slap a 5 multiple on that profit number and you get a billion dollar market cap. 1 billion market cap / 45 million = $22.2 per share. If you think Mercator deserves a 10 multiple then make that $44.4 per share.” When the $1.00 warrants are exercised (probably very soon) plus taking into acount the outstanding options, then the share count is 65 million. With all the cash the company receives from the warrants and from cash flow on the current mining operations, the share count should remain rather stable from here on in. Thus, to restate your premise, it would look like this: 1 billion market cap / 65 million = US $15.38 per share

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