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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 LongonZincon Mar 09, 2012 10:40am
582 Views
Post# 19649062

RE: Right now, we need El Pilar...

RE: Right now, we need El Pilar...

That would not hurt, but that is clearly not what is needed.  So much of the potential value here is lost for ever, either through dilution, massive capex overruns at MP, debt, and ultra high production cash costs.  The fact is realitity has set in, the number crunchers have crunched the numbers and MP is not even a fraction of what was promissed by management and within the feasibility study.

Don't forget it was not long ago when the CEO stated that MP would meet or beat the design and cost projections.  Now he is out of a job but the new boss has done little more to provide confidence and trust in the management team, which has continually over-promissed and under-delivered at the twice the projected costs, and then gone into non-disclosure mode time and time again. 

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities