Mercator Minerals Ltd MLKKF

RE: Mercator has set aside $ for ddecember payment

[Sharpie009]

I don't anticipate Mercator encountering a cash shortfall as long as copper and moly prices don't completely collapse beyond these levels. ($1.20 and $9.00)  The $7 million dollar  interest payment which will be paid in December though is one of the items that must be subtracted from September cash position of roughly 30 million to arrive at year end cash balance.   They don't have to spend the $25 million to complete  Phase 2 expansion until late 2009 and  $7 million will get them to between 40,000-45000 tpd.   So they can manage their cash in that regard.  If copper and moly prices rebound somewhat Mercator will do extremely well.  Recent selling has been forced and provides a great opprotunity for speculative investors.