Mercator Minerals Ltd MLKKF

Metals & Mining Copper

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.

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Mercator Minerals Ltd

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Comment by tsawbosson Jan 04, 2009 2:33pm

368 Views

Post# 15681000

RE: too risky

"copper is at $1.46 and moly is at $10.... take into consideration that the feasibility study doesnt usually work on ground like on paper"

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Those metal prices at the five year average of full production and costs equate to yearly EBIDTA of $1.05/share at 50K tpd.

And I am quite sure the mills will be doing 65K tpd.

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