Mega Precious Metals Inc MPRXF

What Counts Now

[bedrocker]

The most important thing from my view now at Headway is to get through the zone they had truoble in earlier in the year around 2600m in hole 901. They have recently backed up 22 meters to 2570 and had set a wedge as of July 12 on hole 901 so I presume encountered some bad ground again closer to 2600. 

MGP management cannot control what's there in terms of grade when they get there aside from astute targeting, but will deserve kudos along with the drilling co to get through target. From what I see posted on their site, I assume we should be into the target zone before the end of August if difficult ground can be overcome and not lost again. Having hole 903 coming along as backup is a great bonus and from what I can determine from drilling rates to date could be at the target in September. Patience is required as I have found out.

I don't see NIA as particularly special in calling a lot of blue chip (major) gold cos as picks, along with cos like POT. Others did the same. But I do respect that they were recommending in July 2009 when few advisors had the balls to recommend buying in the middle of the panic. Most wait until technical indicators are moving positive, not unline the bank analysts on TRE and  YLO lately who prove them selves to be great followers of trends after the fact.

Good luck all. It will be interesting to follow. If the US and European nations don't sort out their difficulties in the next several weeks, it could be support even greater moves up by gold cos. Now if they compromise ans make reasonable settlements, that could impact to the reverse in the shorter term. But this co is a solid bet to have in early stage gold exploration to compliment holding producers.