Mercator Minerals Ltd MLKKF

Metals & Mining Copper

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 Gladtidingson Nov 10, 2009 7:31am

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Post# 16470091

RE: TFSA-Prposed ammendment

Hossain, my understanding of the tax amendment to the TFSA application is that the tax is 100%. It is a straightout penalty for EVASION of taxes on income using the TFSA Account as a cover. How this works out, you have to check with the Tax Dept or your Tax Adviser. Simply put, the 100% is a direct confiscation of your profits from the trade under the various situations delineated by the Tax Dept. So it is 100%.

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