Mega Precious Metals Inc MPRXF

Great time to be investing in juniors

[threepalms]

It's me again.
That annoying person who likes to remind everyone why this is a great little company.

This morning I had a discussion with an acquitance who has a large number of Mega shares and we discussed at length the Red Lake area and the need for majors to replace their deminishing reserves.

What got us talking was the news release that Mega put out yesterday.
We discussed the timing of this release.
We discussed what statements were made by Jim in this release and what these statements might be telling us.

The more we thought about what was said in the release and what has been said in the media recently about the majors and their need to replace deminishing reserves the more encouraged we got about our future.

We talked about the Madsen area. We concluded that this area was likely going to become another 5 million oz Red lake project.

Claude Resources has 1.2 million ozs in their Madsen project and that is expected to grow significantly as they continue de-watering their shaft there and continue drilling out their HGZ area.

Mega is anticipated to announce potentially another 1 million ozs in the upcoming 43-101.

Goldcorp controls a large block of land in the area and the structures that have fed the surrounding area including Mega's land are believed to originate on this Goldcorp property.

Some of the Goldcorp property that resulted from the settlement of the staking dispute between Mega and Goldcorp is surrounded by Mega property.

In addition Sabina still controls a large track of land that is abutting Mega's property.

If you combine all of these properties as is Jim hope to eventually see happen you could easily get this to a 5 million ozs plus project.

I think we have  another great project coming together here soon and that is going just add more value to Mega.

All of this is just my opinion but I think you can all see where this opinion may not be far off the mark.

Have a great weekend everyone.

Next week may get interesting with the Resource Conference.