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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 brendellyon Jan 29, 2009 1:20pm
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Post# 15737367

RE: RE: $23.3 million dollars in company account

RE: RE: $23.3 million dollars in company accountWill be interesting to see what the burn rate of their cash was for the 4th quarter. A good chunk of that PP may be put aside for their 12 million/year interest on their loan. Gotta admit it, they will be cutting things close this year if copper/moly stay at these levels. Another part I would like to find out is the remaining balance needed for the phase 2 expansion, that might be cash they may want to conserve as well...just some things to consider, Q4 should show the answers.
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