Unique DistinctionLooking through this list of top 10 holdings in the Sprot Molybdenum Participation Fund, it appears that ML enjoys a unique distinction among the holdings in this group. Most, if not all, of the other holdings in the fund, Sprott acquired on very advantageous Private Placement terms, at prices substantially below the then prevailing open market price for that security. In most instances, those companies had to fork over half warrants, or even full warrants.
When it came to Mercator Minerals, however, Sprott apparently found it so attractive that it was willing to forego the sweetheart deals that brought the other holdings into its portfolio. All of the ML shares that Sprott holds were acquired in the open market. That, in itself, is an amazing endorsement of Mercator Minerals.
1. Blue Pearl Mining Ltd.
2. Idaho General Mines Inc.
3. Roca Mines Inc.
4. Mercator Minerals Ltd.
5. Moly Mines Ltd.
6. International PBX Ventures Ltd.
7. Torch River Resources Ltd.
8. Virgin Metals Inc.
9. Inca Pacific Resources Inc.
10. Western Troy Capital Resources Inc.