MERCATOR MINERALS (MLKKF US $1.28, Rating remains NEUTRAL; price target lowered to $2.50 from $4.00) REVISED EL PILAR and MINERAL PARK OPERATING ESTIMATES, HIGHER ESTIMATED INTEREST COSTS, and ESTIMATED HEDGE LOSSES LEAD TO LOWER EARNINGS; CURRENT FINANCIAL POSITION IS STRAINED 4/9/2012

MERCATOR MINERALS (MLKKF US $1.28, Rating remains NEUTRAL; price target
lowered to $2.50 from $4.00) REVISED EL PILAR and MINERAL PARK
OPERATING ESTIMATES, HIGHER ESTIMATED INTEREST COSTS, and
ESTIMATED HEDGE LOSSES LEAD TO LOWER EARNINGS; CURRENT
FINANCIAL POSITION IS STRAINED 4/9/2012