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 Aug 15, 2013 8:04pm

276 Views

Post# 21674759

RE:RE:Silver Shorts scrambling

Deh1,

They either weather the storm or they don't. If they don't and have to shut down MP then their debt will exceed their assets- sp goes to zero. If they do weather the storm it will be because they are generating enough cash flow to service debt. If they can generate the cash flow needed to service their debt then the sp will equal or exceed 50-cents (look at cash flow needed to service debt, apply a multiplier of 6 or 8 then divide by share count). In addition, if they don't look like they are going belly up then assets like EP will be given value, right now EP is given a value of zero (creditors get EP if ML goes under).

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?