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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Post by tryteon May 17, 2013 9:03am

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Post# 21434483

Thoughts

Is Mercators current share price this low because of current management or because of the situtation previous management put the company in and how out of favour base metal miners are? They have a ton of debt and the market is punishing them for it. IMO, management is doing the best they can with what they were left with. What else could be done at this point besides maybe selling El Creston? If El Pillar was sold, we would retire a lot of debt, but be left with a company that has no way to grow.

Im honestly asking, other than what they're currently doing, what other ways do folks on this BB think that Mercator can get through these market conditions?

FYI. the resource update should be out by sometime in early July.

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