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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Comment by jphon Apr 10, 2012 12:12pm

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Post# 19776091

RE: Reversal coming...

I would have to agree. They built the facility, they commissioned it, they are optomizing it, they had cash flow issues at the crunch time. This is the norm with many projects. Now the road forward is clear. It is not a matter of if they will make money - it is a matter of how much.

I still contend that it is all about the Moly. If moly starts to move - ML will still do very well. If it does not fly - ML will still do Okay.

I bought more today - at these prices - you are missing an opportunity. The analysist are all saying over $3 dollars. I am okay with that.

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