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Mega Uranium Ltd T.MGA

Alternate Symbol(s):  MGAFF

Mega Uranium Ltd. is a Canada-based mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties. It has exploration stage mineral resource properties in Queensland and Western Australia and investments in uranium-focused companies. It also holds interests in junior and medium-sized uranium exploration and development companies, royalty and diversified uranium holding companies, and its own exploration and development projects. The Company’s project is Maureen Uranium-Molybdenum Project, which is located approximately 32 Kilometer (km) away from the small regional hub of Georgetown, located in Northern Queensland, Australia. Its subsidiaries include Maple Resources Inc.; Uranium Mineral Ventures Inc., Mega Georgetown Pty Ltd., Mega Hindmarsh Holdings Pty Ltd., Mega Redport Holdings Pty Ltd., Monster Copper Corporation., Nu Energy Uranium Corporation, and Northern Lorena Resources Ltd.


TSX:MGA - Post by User

Bullboard Posts
Comment by TheRajon Feb 03, 2017 2:20pm
218 Views
Post# 25796631

RE:The raj

RE:The raj
I have taken a closer look but was already awareof this company before investing in MGA.
They appear to have their business in order and look to better their position financially.

I like the fact that "Sandstorm Gold " trusted them and made a long tewrm deal. Sandstorm only picks winners. The fact that Sandstom chose to aid Kiv is mostly an indicator that one or more of their projects will move into the production stage in the near future (2-3 years perhaps)

I wish I knew which project this finace deal was applicable to. The NR wasn't specific about this but one has to guess is their flagship projectand maybe one other.

Kiv will be good in the long term but so will NXE and Toro for that matter. That's why I will only concentrate on MGAand those two. I can only spin my head so much.... you know what i'm saying.

BTW, Sandstorm also has a deal in place with Toro Energy and the Wiluna project. ANother reason why Toro will be a medium-long term winner. Considering the potential size of the project and a 2% NSR agreement Sandstorm must have invested nearly $5 million (just a rough guess) in Wiluna alone.They are expecting Wiluna will become a producing mine in the near future.



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