Posted On: 05/05/2014 3:20:03 PM
Post# of 4018
The Mineral Park mine that is about 2 miles east of the Chloride has had its troubles and the $1M+ fine the BLM slapped on them for operating without required permits really hurt.
With Mercator in trouble investors might be discouraged from investing in the Chloride mine- though the really low price for moly and that large fine for operating without permits are the apparent main sources of the Mineral Parks mines troubles.
http://www.kingmandailyminer.com/main.asp?Sec...leID=57843
http://www.kingmandailyminer.com/main.asp?Sec...leID=58690
They did get a bridge loan in Dec of 2013.
http://www.mercatorminerals.com/s/NewsRelease...ridge-Loan
With Mercator in trouble investors might be discouraged from investing in the Chloride mine- though the really low price for moly and that large fine for operating without permits are the apparent main sources of the Mineral Parks mines troubles.
http://www.kingmandailyminer.com/main.asp?Sec...leID=57843
http://www.kingmandailyminer.com/main.asp?Sec...leID=58690
They did get a bridge loan in Dec of 2013.
http://www.mercatorminerals.com/s/NewsRelease...ridge-Loan
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