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Mega Precious Metals Inc MPRXF



GREY:MPRXF - Post by User

Post by threepalmson Jul 20, 2011 8:47am
233 Views
Post# 18850685

enough already

enough alreadyI am getting very annoyed with a certain few who continuously attack me for my position here.

Monument Bay plan is exactly as I have stated.

If you look at the newly updated corporate presentation it confirms that the permitting process has been going on since March of this year.

It confirms that First Nations discussions have been ogoing since April of this year.

It confirms that advanced exploration permitting has begun and it states that the target is to begin production at Monument Bay in late 2014.(roughly 36 months from now.)

We must remember that MB was an advanced project before we acquired it.

Remember over 1 year ago Jim was saying that when the time was right they planned to acquire an advanced project that Mega would take to production. I suspected then that it was MB and That is exactly what happenned.

IT is my understanding that First Nations people in the area support this project and are cooperating because they wish to create good jobs for their people.

Will it be exactly 36 months to production? Not likely..but the point is that this is the target date.

The new Deposit Hunters interview confirms my previous thoughts that the bigger plan for Masden is to work with area players. Jim confirms that as soon as the new 43-101 is done in September that they will be in the position to begin negotiating an agreement with others in the area. I have stated for months that we are likely going to enter into an agreement with Claude Resources. I have thought this for some time because of my ongoing interest and follow up of what Clause Resources has been doing in the area.(it just makes sense, and yes it makes more sense to me at this time that we enter into an agreement with Clause that Goldcorp there initially.)

Eventually all of this will lead to Goldcorp building a large processing facility where they will acquire low grade ore feed from a 30 to 50 radius of the main Red Lake camp.

By late this year Mega will likely have 1 million ozs plus in the Masden area with 300 to 400 thousand ozs in proven and the balance in inferred and probable.

Those are the value drivers... Headway..Jim said we could be literally days from pulling cores with gold from there.

Masden. Things there will start coming together by mid-September.

I am not expert. I may not understand everything. However, I try to stay informed and I do my best to try an anticipate things so that I can make decisions that are based on logic.

If some want to try and discredit me simply because I sometimes ball park things then I can only say to them.

KNOCK YOURSELF OUT BOYS.
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