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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: GoldBull no bug here who wrote (62198)	11/15/2008 4:47:56 PM
From: LoneClone	Read Replies (1) \| Respond to of 78407

Mercator have been spending money expanding their mill, but most of the expenditures are now complete. As well, costs of mining and mining services are on their way down. And as of the end of September they had almost $30M cash on hand. From the the most recent MD&A, just out: "At the time of writing the copper price was approximately $1.75 per pound. The price of this commodity is still considered by management to be favourable to the present and future operations at Mineral Park, as was demonstrated by the Company in the preliminary feasibility study prepared in December 2006 (the “December 2006 Report”) that was prepared in support of the decision to construct the milling facility at Mineral Park. The December 2006 Report demonstrated robust economics and positive cash flows generated by the project using life-of-mine average metal prices in the economic model: $1.53 per pound of copper, $10.16 per pound of molybdenum, $7.50 per oz of silver, below current commodity prices. At the above base case life-of-mine metal prices, the project generates positive cash flows." Take a look at the new presentation RR just posted. LC