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 jphon Apr 14, 2011 3:40pm

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Post# 18433003

Outlook

1) I think Moly is soon to move (I know I predicted this long ago!)
2)I posted here awhile back that Capstone and Creston share directors. That is why there was no chance that Creston could be bought by Capstone.
3) I was never expecting dividends from ML so more sand in the sandbox is worth a lot - even without the swings installed. The trick is the potential for future swings is guaranteed as long as the moly and copper price keep moving up.
I just sold the ML I bought the other day and switched it to CMS - easy 5%

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