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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 Apr 11, 2013 4:43am
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Post# 21240174

RE: RE: RE: RE: RE: Update

RE: RE: RE: RE: RE: Update

DEH1,

 

I'd be interested to see how you calculate 207m for mining + milling and FS&R...2012 Q4 was 55 million for mining and milling and ~9 million for FSR.  That is 64 million just for one quarter at 45ktpd.  Total for 2012 was 226 million before realized cash losses on hedge, admin, and finance charges.   I used costs based on all of 2012, then applied the projected throughputs at reduced costs to come up with 253 million.  Not sure how you figure they are going to mine and process 17% more matierial (at lower grades) and produce 12-16% more metal all for 19 million less than costs in 2012.

2012 total costs for Mining and Milling, FSR, Admin, Finance=248 million.  This is all before the 16+ million realized loss between spot sales and hedge price. Following your numbers just for 2012 it works out to costs of 264 million.

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