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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.


GREY:MLKKF - Post by User

Mercator Minerals Ltd
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Comment by Edapuson Nov 08, 2008 5:29pm
265 Views
Post# 15574451

RE: ridiculous valuation

RE: ridiculous valuation

Could not agree more other than Climax has already been shelved by Freeport. Also the average cost of per ton milled is $4.52...this is from ML's web site. This is of course  is the average between cu and mo. Again with $1.50 copper and $8.00 moly ML can still make make enough to payout the debt...it just won't be done in 1.8 years. If hedge funds continue to have to sell, any and all stocks  could go lower however this does not reflect the true value of ML.
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Dealroom for high-potential pre-IPO opportunities