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

Bullboard Posts

Post by NobodyKnowsOneon May 11, 2010 10:36am

411 Views

Post# 17084237

RE: RE: The $3.01 CU > 6 yr hedging ...

This is exactly the kind of announcement we were waiting for. It's good to see it finally here. Personally, I don't like hedging, but it's a necessary compromise moving forward. And copper is not totally hedged, only 48% of planned production over the 6 years.

In general, I say "Bravo ! "

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