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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 wiskeynowon Nov 10, 2010 9:56am
418 Views
Post# 17685842

RE: copper outlook

RE: copper outlookMorgan Stanley and Goldman Sachs have target prices for copper at $3.60 for 2011, and $3.80 for 2012.
Not sure how this can be good news when the current copper price is $4.00.

To me that means the price of this, and other copper miners will suffer if/when the price of copper declines.

Am I missing something???

GLTA
Long ML (so far)
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities