Changed from Mercator Gold to Electrum.

http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Size=283*186&Skin=BlackBlue&Type=2&Scale=0&SV=0&Span=YEAR1&Code=ECR&Layout=CompanyZone

Mercator Gold plc is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions. Mercator is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Mercator is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.

Mercator holds an exclusive option over the Copper Flat project, a porphyry copper-molybdenum-gold-silver deposit in the Las Animas mining district of New Mexico, United States and a former producing mine. It is believed that the Copper Flat project, which has significant infrastructure in place, could be brought back into production within a relatively short timeframe for a relatively low capital

http://www.youtube.com/watch?v=4BtSY1ZRe1I&feature=player_embedded

Patrick Hartford interview.

The easy option for Harford and the rest of the Mercator Gold board would have been to quit the company when Meekatharra ran into trouble. Instead, they have restructured the company and snapped up a handful of carefully selected projects and interests, all of which have the capacity to deliver substantial returns and some of which have already begun to do so.

On the basis of current historic reserves Copper Flat project has an NPV of $117 million and an IRR of 24% - based on $2/pound copper, $10/pound molybdenum, $13/ounce silver and $900/ounce gold. These figures are based on an owner mining scenario, initial capital costs of $115 million, and a discount rate of 8%. Mercator acquired its option over the Copper Flat project for just US$150,000.

In 2009, Mercator recorded income and book profits of 244,000 from ACS Asia, on 4 million of revenue with a gross profit of 1.2 million (30% gross profit margin). ACS Asia was a very good investment for Mercator.

Likewise, the companys stake in Silver Swan, which was effectively spun out of Mercator Golds Australian exploration ground, has delivered a handsome return for the company.
Mercator Gold has had its fair share of setbacks, and the share price is still stuck in mud, but if Mercator keeps cutting deals and turning small investments into big profits, the market will be forced to start taking notice.

Ok Gibby anything to break up the sea of red!! I am in but probably missed the boat as its rising quicker than the works elevator!!

The directors of Ovoca Gold (AIM: OVG), Ariana Resources (AIM: AAU), ECR Minerals (AIM: ECR) and Nighthawk Energy (AIM: HAWK) will be presenting:
Thursday the 26th May 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/111

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.com.

lost 10% today looks like the boys are coming around again gibby? anymore of this and I will send around er indoors!!!!!