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Mercator Minerals Ltd MLKKF

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

Bullboard Posts
Comment by greenpastureon Mar 19, 2009 8:50pm
301 Views
Post# 15857364

RE: RE: ML.WT.A warrant leverage

RE: RE: ML.WT.A warrant leverageCasper.. could you explain why you would rather have a warrant to exercise at 4.00 and good until 2012 for .12-.13 cents over a warrant you can exercise at 1.00 and good until 2013 and can buy for .25-.30 cents?? 

If I buy 10,000 ml.wt.a warrants for .25 and ML goes to 5.00, I will be able to exercise my warrants and get ML stock for 1.00 when the actual price is 5.00.  I get $50,000.00 worth of stock for $10.000.00  plus the original cost of my warrant.

You, on the other hand get 10,000 ml.wt warrants  and pay .13 cents.  ML stock goes to 5.00 and you want to exercise your warrants. Since yours has to be exercised at 4.00,  You get  $50,000.00 worth of ML stock but it will cost you $40,000.00 plus the original  cost of your warrant. 

Sure, one can trade them in before and not exercise them but the 4.00 priced warrants will prove to be a bigger gamble. The chances of ML getting to 1.00-4.00  is far greater than it getting back to 4.00 to 12.00 , 


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