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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.


GREY:MLKKF - Post by User

Mercator Minerals Ltd
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Comment by intowinon Sep 04, 2009 8:22am
570 Views
Post# 16278056

RE: td

RE: tdIn the Glode & Mail today:


MERCATOR MINERALS LTD.

(ML-TSX)

Yesterday's close $2.49, up 12 cents

Mercator Minerals Ltd. is converting a heap leach open pit copper mine in Arizona to a 50,000 ton-a-day milling operation (from the current 25,000 tons) to produce copper concentrates and molybdenum, said Craig Miller, an analyst with TD Securities.

Upside: He initiated coverage with a "buy" rating and a share target of $3.75. The profit is forecast at 43 cents a share in 2010.

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