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 24~Karaton May 15, 2006 5:01pm

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Post# 10853734

Valuation

RE: "At what price Cu do you think the market is valuing ML? Lower than $3 I would think." The market, mistakenly, is evaluating ML at $1.50 copper. It is, after all, based upon that price assumption (in 2008) that Jennings establised a $4.00 target for ML. But wait, April 2008 copper "crashed" 2 1/2 cents today, down to $3.04. Ohmygosh!!! Could it "crash" again tomorrow, down to $3.00??

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support