MERCATOR MINERALS (MLKKF US$1.09 or ML.TO C$1.30, rated Overweight, Target raised to $7 from $5); RECENT FINANCING ALLOWS MERCATOR TO COMPLETE ITS MILL TO 60,000 T/D; BARELY ADEQUATE CASH FLOW FOR 2009 DESPITE EXORBITANT MOLY TRADER “FEE” 4/16/2009

MERCATOR MINERALS (MLKKF US$1.09 or ML.TO C$1.30, rated Overweight,
Target raised to $7 from $5); RECENT FINANCING ALLOWS MERCATOR TO
COMPLETE ITS MILL TO 60,000 T/D; BARELY ADEQUATE CASH FLOW
FOR 2009 DESPITE EXORBITANT MOLY TRADER “FEE” 4/16/2009