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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 Sharpie009on Dec 26, 2008 5:34pm
373 Views
Post# 15667741

RE: RE: RE: RE: From Investor relation

RE: RE: RE: RE: From Investor relationFew points

Wise enough not to make any specific predictions as to where base metals will end up this coming year however
Agreed that copper prices in the past have been at below $1.00 for extended period. 
$.50 -.80 is a possibility but most forecasts that I have read average around $2.00 going forward.
China's huge growth did not exist previous. Even though declining it is still a large number.
Economic world stimulus programs on infrastructure will have an impact.
Higher cost mines will be shutting down.
Moly currently at $11 with most predictions at $15 going forward for 2009.
Moly used to build  nuclear reactors which will most definitely increase.
The production of oil pipelines will continue as well creating demand for moly.
US dollar will go down forcing commodity prices up.
Had an extreme reaction on the way up and now an extreme reaction going down.  May not be going to $4.00 again soon but don't think .75 will be seen either. At least not for extended period.
Bullboard Posts
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