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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Post by cbs123on May 29, 2009 12:48pm

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Post# 16027608

UPGRADES

10:30 (Dow Jones) BMO Capital Markets issues a trio of new price targets, starting with Quadra Mining (QUA.T), with target price upped to C$8 from C$5, based on its leverage to copper price and growth through acquisition strategy; Thompson Creek Metals (TC) target moves to C$10 from C$8, thanks to strong balance sheet and exposure to molybdenum demand in improving economic environment; and FNX Mining (FNX.T), pushed to C$7.50 price target from C$6.50, given its ungeared balance sheet and low-cost organic growth profile. Quadra recently up 1.9% to C$7.89; Thompson Creek up 0.9% to C$10.17; FNX gains 2.5% to C$6.85. (BRT