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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 jims101on Feb 26, 2008 8:55pm
176 Views
Post# 14550639

dadoc1, agree with you

dadoc1, agree with you....but I will say that if ML management could happen on an acquisition with as low capital costs, profitability potential and life of reserves as their current deposit, then the market might actualy reward ML's share price..after an initial fall. Taking ones profit and investing it in something inferior to the asset represented by ones own shares is and has been my opinion unrewarding to current shareholders... Now, making acquisitions might also be defensive in terms of warding off take over bids...If ML gets eaten up by somebody much bigger then itself, then it becomes part of something inferior. Buy back shares with the incoming cash flow, ramp up the price some and get taken over for $30-35...Be fine with me... A triple is about the best I think we'll see in two years. The sooner we get there the better, and the acquisition route, I doubt is the way it will happen. Some here want to be married to this story for years to come, figuring the ML management can successfully parlay its unique prospective success at Mineral Park into a bigger richer portfolio that will result in its continuing to be a superior investment for a longer period. They'll most likely get their chance...I'd rather have 70% in two years of what might be the reward in five..
Bullboard Posts