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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
Comment by 24~Karaton May 07, 2006 10:06am
379 Views
Post# 10807481

RE: Evaluations

RE: EvaluationsCited below is the typical production decline curve for oil and gas production. (These statistics were gathered a long time ago, but nothing has changed to prolong the productive life of an oil or gas well.) What is really incredible here, is that this typical 5x cash flow is based upon an exceedingly short productive life span of that asset. Mineral Park, on the other hand, has a 40-year productive life ahead of it, with a production curve that does not go down. (Actually, during the recent audio presentation, company president Mike Surratt favorably compared the Mineral Park mine to the Bagdad and Sieretta mines owned by Phelps Dodge, and remarked that these mines may produce for 100 years!) So, the truth of the matter is that Mineral Park mine should be accorded a much higher cash flow multiple than a typical oil and gas company.
Bullboard Posts