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 LongonZincon Apr 10, 2013 4:04pm

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Post# 21238447

RE: RE: RE: Update

Sorry, the numbers in the last post don't include leach copper, this increases est copper production to 44 million, and increases selling price to 3.17. Total revenue goes to 267 million, 8 million less than the total costs and expenditures before loan repayment and planned capex.

At the high end of the range total revenue = 282 million which would provide 7 million dollars to pay a portion of their loan repayment and planned capex.

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