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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 Jun 18, 2007 3:29pm
423 Views
Post# 12960557

RE: Buyers today, Credit Suisse / Merrils

RE: Buyers today, Credit Suisse / MerrilsIndeed, the Goldmans, Merrills, and CIBCs of this world don’t too often identify with the retail class. Instead, their clientele consists primarily of two categories of deep-pockets investors: Institutions, and Industry Participants. Unlike the vast majority of retail investors, who can’t wait to “take a profit” (however meaningless that profit may be in terms of the value of the underlying security) these other two groups think of value in terms that can sometimes span the scope of generations. Dadoc touched upon the significance of that when he cited this passage at the most meaningful in today’s NR. "The Company has filed a technical study for an expansion of increased copper production plus molybdenum, and silver production." This passage is a reference to the fact that the deepest drill hole at Mineral Park, at 5000 feet in depth, encountered molybdenum mineralization to its very depth. It’s not too difficult to infer, if not imply, that there is a good likelihood that Mineral Park’s productive life could therefore be extended to 100 years. That proposition can seriously be entertained because Mineral Park is a porphyry deposit, a kind of deposit that is known for its consistency, and are unlike other deposits that can typically have bizarre twist and turns throughout its mineralizing event. It was about a year ago that an article appeared in Resourse Investor, stating that, eventually, Mercator was either going to have to acquire, or be acquired. Could it be that the heightened interest that’s being taken by the Goldmans, etc. be further evidence of that?
Bullboard Posts