Mega Precious Metals Inc MPRXF

KBG at Headway

[tomark]

What is Kings Bay interest in the headway property?

[threepalms]

King's Bay owns the Headway.They optionned it to Mega and once Mega completes their option agreement likely in the next 6 months KBG will recieve 4.45 million shares of Mega.

[ramblersrest]

Tomark -- KBG owns Headway but Mega has an option to buy it for 4.4 million + shares of Mega . They are expected to close the deal spring of 2012 . Good way to benefit from this management team ,Headway,Rainy River and MGP is to use the leverage of cheap KBG shares . It is like buying a warrant on Mega with the Rainy River thrown in as a bonus . The management team now at KBG are restless

[threepalms]

Good post Rambler.That is the way I see it. Load up on cheap KBG shares and benefit from the growing asset of 4.45 million Mega shares KBG will own.Add to that a piece of the Cameron Lake deposit and what looks like a possible Menary discovery as well.Next week should be a huge volume week for KBG as Headway moves into focus and Menary results start to come out.

[ramblersrest]

thanks 3 P-- It is great be be here at the advanced forefront of investing LOL

[ramblersrest]

Anyone called the office to find out how many meters they did @ Hole 3 since last Wednesday ?

[Dano6]

Sent e-mail to find out if there will be an update on the website this week but haven't received a response.

[Dano6]

Received answer from MGP there will be a update today or tomorrow.

[lazyinvestor]

Update is posted. 2399M

[hope21]

Gold corp hit the bonanza grades gold around 2441 meters depth.We must be getting very close to target at 2399 Meters. Nice.

[hrattle]

We must be getting very close to target at 2399 Meters.The target area dips - we know that from hole 1. They don't expect anything until after 2600m - a long way to go yet - and the real problems start after 2500m. The drill they have will only handle depths to 3000m so at least there is a hard depth they won't go beyond.That there is gold there seems more than likely - the key

[hope21]

Based on the bullish comments made on Mega website regarding Headway property. I believe that ourgeologists must of seen something for them to be so convinced that the odds that we do have bonanza grade gold similar to Gold corp is very high.The target for hole # 1 maybe different than hole# 3 given the location of each hole.If look at the technical map Mega made for us you will see hole # 3

[threepalms]

the difference in depth relates to the down dip of the mineralized zone.In my opinion the bullishness is due to the confirmation of what some call the plumbing system.drillers should be breaking for the holidays soon so I do not expect as much progress on the next update.2012 will be interesting.

[hrattle]

The target for hole # 1 maybe different than hole# 3The target is the same - it is possible that hole 3 hits before hole 1 would have but won't this mean the target doesn't reach hole 1? That is not good news, it is better if they hit below hole 1's depth so that the zone can be twice as big as expected. I wouldn't be surprised if they need to drill to 2800m.Also Gold corp hit

[hope21]

I did not realize that the geology dips much deeper my mistake.Based on plan view it was a little confusing for me.What I do know based on my communications with Jim is that mega has a good idea of the right depth that they need to reach and I do believe back in July we were getting closer to the target before we started to run into problems.2600 M depth i recall was the depth that we should start