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.

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Mercator Minerals Ltd

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Comment by veterantraderon Apr 13, 2009 7:22pm

569 Views

Post# 15914748

RE: RE: An Old Adage

$12 looks cheap to me too.

I'll be looking at the price of copper pretty closely tonight, it looks like it's going up already.

an average 456tpd of copper concentrates!! 1.50 is way cheap.

I'm usually not the one pumping a stock but given today's volume, latest news release, and after hours trading where people bought 2 cents over the last asking price at 4pm, this is hitting 2 bucks tomorrow no doubt. Forget about that $1.80 resistance. If you sell there, get ready to buy back at $1.90+

Good Luck,
vt.

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