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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 go_for_brokeon Aug 05, 2009 10:51am
271 Views
Post# 16192340

RE: RE: RE: RE: Takeover option.???

RE: RE: RE: RE: Takeover option.???Agreed hfree, an offer of $4 is not reflective of our company pumping out stage 2 next year. Look at the relationship last fall between TCM/ML, $25/$12. We have had some minor dilution, so current with only stage 1 should be $15/$5 at worst. If there is no credit for phase 2, why endorse a sale? If you are ownership, wouldn't you want $8-10/share to head off into the sunset?!
Bullboard Posts