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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 11, 2008 12:58pm
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Post# 15578459

RE: Moly Plunge -GPXM stops production

RE: Moly Plunge -GPXM stops production
We may still go sub $1.00 as hedge funds still are selling anything and everything to service the redemptions for the end of this week. Look at Teck off 20% this morning and valued at 1/6 from August. Freeport is of 10% and 1/5 of it's August value...Thompson Creek is the same. The trading volume for these three companies in dollars this morning is close to 1/2 BILLION being sold.
You are right jims we may not see any changes to the upside until end of 1st quarter 09 but if we can weather this storm...people with some dry powder could make some great money going forward..not just in ML but in TCM, Teck, etc. As i have stated earlier if no one is going to be buying base metal commodities in the future we all will have bigger things to worry about.

ed
Bullboard Posts
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