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

Bullboard Posts

Comment by LongonZincon Jul 17, 2012 11:06am

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Post# 20121298

RE: re-re-re

The last update was not to encouraging with respect to them generating significant cash flow in Q2. I can't see anyway they can continue if they did not generate at least 8 million in cash flow without offering a private placement. IMO they still need to go to the market and raise cash in order to fullfill debt obligations and maintain the minimum cash reserves required under they debt agreements. My guess is that they will need to raise somewhere around 15 to 20 million. I see 30 million shares at 60 cents with half warrants at 1.15.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?