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 Oct 09, 2009 12:15am

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Post# 16376033

RE: Q3 Earnings

Any projection estimates should IMHO be qualified by identification of at least the key lower level associated estimate and consequently my estimate for Mercator in Q3, 2009 is based on the following:

- Average Copper spot price during Q3 of $2.68
- Realized Copper price(my est.) for concentrate of $2.44
- Heap Leached Copper production 1.25 million lbs. approx...?
- Copper production from milling 8.25 million lbs..... ??
- Silver in concentrate approx. 0.059 million lbs. and by agreement fixed sale price for silver $3.90/lb.

- Landscaping materials sales, etc and other income $0.3 million
- Stock based compensation $0.75 million (wild guess after the $2.67 million recorded in Q2, 2009

I anticipate that Net Income before Taxes, may be in the region of + $4.5 million ....compared to a loss of ( $4.4 million) in Q2, 2009

We clearly can make better estimates after the Q3, 2009 production update, which I expect perhaps 3 weeks before the publication of the ML financial report for Q3,

Peace,
Good Decision-making to All,
ElJ