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 kato1on May 10, 2009 2:42pm

375 Views

Post# 15981895

RE: RE: RE: RE: RE: gee, all the short covering,,,

Its not profitable at these prices.Fact

Hmmmmmmmm?????
Copper $2.14
Moly $9.50 (and rising)
Silver $14.50

These are facts.

Cost will be lower as well.

Investment highlights of Mineral Park include:

The project is fully permitted including the expansion;
25 year Life of Mine production of approximately 1.1 billion lbs of copper, 257.5 million lbs of molybdenum and 13.7 million ounces of silver*;
Short ore and waste hauls; the new milling facility is being built in the centre of the pit;
Extremely low Life of Mine strip ration of 0.18 to 1
High metallurgical recoveries;
The project is profitable at life of mine base case metals prices of US$1.53 /lb Copper, US$10.16 /lb Molybdenum and US$7.50 /oz Silver and extremely economically robust at current prices;
Average of US$55 million in operating cash flow per year after taxes during the first 10 years of operations at base case metals prices;
Mercator has a highly experienced operating team.