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.

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Mercator Minerals Ltd

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Comment by Birpind1on Jun 28, 2012 1:09pm

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Post# 20064684

RE: RE: Something has to be up!!

the strike price of the warrants is $1.00.So to buy a share of ML thru the warrant, it will cost you the 0.26 you paid for the warrant plus the $1.00 strike price for a total of $1.26 for a share.Why would you do that when you can buy a common share for half the price at 0.53.That warrant will be wothless in January if ML is not over $1.00 by Jan 2103 or if you paid 0.26 the share needs to be at 1.26 to break even which at that point you get your money back but the stock will have gone up 100%.

At 2.00,the warrant is worth $1.00.Which will make the stock and warrant both up the same at appox 4x todays price.

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