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Bullboard - Stock Discussion Forum Mega Precious Metals Inc MPRXF

GREY:MPRXF - Post Discussion

Mega Precious Metals Inc > low grade surface deposits
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Post by threepalms on Jul 20, 2011 6:19pm

low grade surface deposits

with open pit potential when taken as a whole create an opportunity for significant profits at the present price of gold.

Gold continues it's climb in value and as it does and finds this new value opportunities are being created for significant profits.

The large land holdings on the Masden Trend of Premier/Sabina/Mega/Claude Resources and Goldcorp when taken as a whole cause one to appreciate and understand the future of Red Lake.

Keeping this statement in mind and the following statement from the Data sheet released by Mega yesterday causes one to appreciate where this is going.

"The goal is to delineate sufficient bulk surface measured and indicated resources for a 50K + gold oz per year operation and/or develop partnerships with adjacent owners to optimize the project size and economics."

This is why I am so confident about this company.

Headway
Masden
Monument Bay
Satterly

each of these projects could cause a tremendous win for us.
You either get that and appreciate that or you don't.

Not complicated. One just needs to look at this picture as a whole with an open mind.
Comment by Dano6 on Jul 20, 2011 7:09pm
The value of a company is only good if it's represented in the price of the share, threepalms try to sell your share at 1.74$ like NIA says it's worth, you will have no taker's. You will say in the future it will, well we will have to see then. Today share price is 0.61$ and that all the company is worth until proven otherwise.
Comment by threepalms on Jul 20, 2011 7:19pm
no argument from me on that one.a company value is what the market gives it.the market will give Mega more value when the market sees the value.right now it does not.an investment like this is one that one makes if he or she feels the market will increase the value given at some point in the future.if the time window works for you and the risk reward ratio is one that you can live with then you ...more  
Comment by Dano6 on Jul 20, 2011 7:26pm
Last september I was in a position to etheir buy a Harley and take a vacation down south in the winter time or invested, at this price still not losing but last winter was very cold and this summer no wind in my face.
Comment by threepalms on Jul 20, 2011 7:53pm
I love taking vacations down south summer or winter. So I always leave room in the budget for holidays. Therefore you can appreciate THREEPALMSI only invest what I can afford to loose but in reality the attraction for me is the HUNT.I dig and I look for clues and I look for reasons to dig further.Every company I hold I have done considerable research on and companies like Mega are companies that ...more  
Comment by hope21 on Jul 20, 2011 8:27pm
After listening to Jim telephone interview of July 14-2011 Deposit Hunter.I got the impression that our North Madsen property we have more potential than we anticipated.The company is presently projecting 300,000 M&I ounces of Gold and 700,000 inferred ounces of Gold which should hopefully be known to us by September when 43101 report will come out.The way Jim was talking I think he was ...more  
Comment by wayned on Jul 21, 2011 8:29am
  Detour Gold is building a large open pit at a remote site north east of Cochrane Ont. There is no infrastructure there. There will be 1000 construction workers by the end of this year then 500 operators the next. My point is if a mine like this is feasible there than Jim`s plan for Madsen is certainly a possibility where all the services are already in place.
Comment by threepalms on Jul 21, 2011 8:56am
The problem with these naysayers is that they would like us all to assume that the diverse management team at Mega have no mine experience.The truth is that combined they have an enormous amount of mine experience.Some have faulted Jim in the past for his positive spin on things here and promises not met.Truth is that one should maybe consider that Jim's positive approach and attitude here may ...more  
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