Mega Precious Metals Inc MPRXF

Antimony ...

[u2bob]

... the company does not really say much about this Antimony ... you only hear of the Gold and Tungsten...Lets hope we can get this project moving forward soon...also get something done with the First Nations...and maybe the Manitoba government can see the value in getting this play moving forward...

Taylor refreshes buy of Mega Precious Metals

2014-06-26 17:22 ET - In the News

 

Jay Taylor, in the June 17, 2014, edition of Gold, Energy & Tech Stocks, refreshes his buy of Mega Precious Metals Inc., recently 10 cents. Mr. Taylor said buy on March 14, 2014, at 17.6 cents. Assuming a $1,000 investment for the buy, the position is now worth $568. Mr. Taylor says Mega's $18-million market capitalization is amazingly low considering its Monument Bay project in Manitoba hosts a 3.6-million-ounce gold surface deposit. Monument also contains antimony and tungsten, which should each add about 30 per cent to the gold equivalent grades. In May, Mega released more drill results with a highlight of 61 metres of 3.44 g/t AuEq. Management reported that the "rate of visible gold" has increased to 40 per cent to 50 per cent from the previous 15 per cent. The deposit remains open and has reached a strike length of eight km. Based on such results, Mr. Taylor figures the total deposit size should be a lot larger than 3.6 million ounces. Mega plans to release an updated NI 43-101 resource this summer, followed by a preliminary economic assessment. Mr. Taylor is holding out hope that gold will turn bullish again soon. If that happens, investors who buy this stock now will be very pleased.

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