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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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Post by LongonZincon Aug 15, 2013 2:32pm
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Post# 21673820

Silver Shorts scrambling

Silver Shorts scrambling
Those short on silver are in scramble mode, price is up 15% over the last five trading days.  Silver could provide a bit of backstop since ML has the option to sell at spot for 12-months.  Could help provide the money they need until the price of moly turns around.

Eventually I think China will step up their moly purchases and drive the price up into the 11.50-13 range.  Look at all of their small high cost moly mines, current prices are not sustainable.

One last thought, these analysts forecasting a sp of 12 or 15 cents are illogical.  This will go to 50+ cents or zero, there can't really be an inbetween.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities