Mega Precious Metals Inc MPRXF

Mega Valuation

[sazfar13]

Lets see now they have 1.8 million oz in MB and 1.3 million oz in North Madsen. This comes to 3.1 million oz of gold in total with about half in the (M+I) category..The market cap of Mega is .6 X 91 million shares F/D = $55 million Hence the EV/Au gold comes to roughly $18/oz of gold. This is beyond cheap. At the end of this, MB resource should be north of 2 million oz which should bring the per oz EV even lower to $16.5.If you look at slide 24 of the latest presentation, you will see how other companies compare against Mega.I would expect by the end of the we have 3.5 million oz of gold NI43-101 resource.