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 ElJon May 03, 2009 3:02pm

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Post# 15963004

RE: Yober A Possible Long Position Perspective

Mtgfree1,
I respectfully suggest that you take a closer look at the costs of production for Mercator. Your referenced $1.35 is an operations cost and not close to a total cost of production.....see all the numbers on SEDAR. I am, as indicated in previous posts(example post #25734328 and others), a holder of position in Mercator and I believe that the fundamentals of this company are solid as it evolves from a leaching process copper producer to being also a milling operator with molybdenum and silver in addition to copper. I enthusiastically await the performance figures in Q2, 2009, (note: I expect that Q1, 2009 will be quite unclear in terms of steady state type costs due to the start-up aspects of the milling operation) where the full effect of the improved moly circuit will be more vise,
Peace,
ElJ

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