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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 May 04, 2012 10:43am
326 Views
Post# 19871248

RE: RE: RE: RE: Updated production for 2012

RE: RE: RE: RE: Updated production for 2012

Grant,

 

The really unfortunate thing here is the blending issue has been a problem for a long time.  When shareholders from this BB met with the CEO they had a list of questions.  This was among my highest priority question for them to answer...do you remember what Mike's response was?  Something on the lines of there is no problem and we will never provide any information on the subject.  Will guess what 2 years later it has come to the forefront.

With respect to the lower head grades and blending issues, these were all known issues that management did not acknowledge, issues I have been posting about for well over a year.  As these ore types are blended at different ratios look at what happens to Cu recovery...Not so good but to be expected.  Before recoveries were being affected by throughput size but management denied it was a problem.  At least the new folks running the show are providing honest information.  I see this news release as providing an even playing field for all investors.  As many of us understood all of the technical issues with the ore processing and grade issues for 2012 long ago.

 

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