MERCATOR MINERALS (MLKKF $$0.50, rated NEUTRAL) PRICE TARGET CUT FROM $2.50 to $0.50 DUE TO DILUTION, USE OF HIGHER 12.5% DISCOUNT RATE, LOWER PRICES AND “BLOCKING POSITION” 11/6/2012

MERCATOR MINERALS (MLKKF $$0.50, rated NEUTRAL) PRICE TARGET CUT
FROM $2.50 to $0.50 DUE TO DILUTION, USE OF HIGHER 12.5% DISCOUNT
RATE, LOWER PRICES AND “BLOCKING POSITION” 11/6/2012