Mega Precious Metals Inc MPRXF

Schiff and the facts

[threepalms]

 I have been a big voice expressing my opinion here stating that as far as juniors go Mega is a great story and it is so  for many reasons.

The facts are that results tell the truth.

The Headway has been a gamble and so far it has provern to be a big gamble and the things that could go wrong have gone wrong.

The company has tried to make what adjustments they could so that we eventually completed these holes and now we are approaching the day we find out if the risk has paid off.

At this point it appears that without the Headway we likely will be at 3 million ozs (proven/probable and inferred) by the end of the year and this without anything from the Headway.

I don't know about anyone else but I see that as DELIVERING THE GOODS.

The share price in time will find a fair value even if that has elluded us so far.
There are many factors that effect the share price and I would have to say that at this point it appears that management is not concerned about what the share price does in the shorter term.They must feel that they are better off spending their time at delivering value rather than giving the share price a manufactured value.

Some describe this as a BUILD it and they will come approach.

Schiff in my view has little credibility. About as much as NIA does in my books.

It is unfortunate that we have got caught up in this game these 2 play but in the long view this will mean diddly.

In a few months when we have made significant progress in building real value these 2 will be long gone and soon forgotten I suspect.

We will be focused on phase 2 Headway drilling. An emerging plan to turn Masden into an operating mine with the assistance of some if not all of the area land holders. Monument Bay will be moving forward towards implementing a mine opening process and Satterly will be entering into a drilling program.

Over and above that is anyone's guess.