Thursday, September 3, 2009

Mercator Minerals, Ltd (ML:TO)

Mercator Minerals is an intermediate stage mining, exploration, and development company. They specialize in copper. Currently, they have a producing copper mine in expansion. See chart below for technical analysis.



This is a very interesting play. The chart is in a steady uptrend. It appears there may be a consolidation to occur in the next month or so similar to the consolidation in May/June. This is a good time to accumulate a position. After the consolidation along with strong copper prices, this thing could really shoot up. Stay tuned for a 3.00-3.50$ price within 6 months.

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