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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Post by NobodyKnowsOneon May 19, 2010 4:34am

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Post# 17112154

Word is...

* Copper is oversold and will soon start to rise again.

* Molybdenum is in demand due to rising steel production. $20.00 per pound in the 2nd half of 2010.

* Technically, even though Mercator's SP has fallen far below the 200day MA, that line is still slanted upwards.

I bought 6000 more 'A' warrants yesterday, but I probably could have waited, as there may still be a few more days of weakness ahead. In fact, I don't look for the light at the end of the tunnel until some time in June. But we may be at or near the bottom right now.

Also, I agree with georearl. That was a good post, Justin. Thanks.

Cheers,

NK1

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