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.

[gskohli]

Folks & Guys, & All Longs, The market should give the exact real value according to the todays' resource update. Congrats !!! To me $2.00 or $2.50 based on the present M&I resources we have. Any majors like Goldcorp is definitely be coming ahead to talk with Mega management. I was confident and now I am more confident and will more confident when MB

[naruto]

While this is great news, keep in mind that these are only M+I resources. They are not probably or proven reserves. Management has done a great job at increasing the M+I resources for several properties, but until some of them are reserves (and hence mined), I don't think we will see the true value of this company. 

[hope21]

Naruto If you compare companies with exactly the same like us with M&I gold resources only they are trading much higher than we are.Check out RMX market capital and your will see what I mean. M&I means dollars specially when you have this kind of ratios of 50 % M&I 50 % inferred.Mega has now 937,000 M& I ounces from Madsen property and 600,000 M&I approx for our

[naruto]

I know, I did look at several of the companies listed in the corporate presentation =) But the problem is that the market is not valuing MGP in the same way, for whatever reason (maybe NIA, maybe not). All I meant to say is that once some of those resources are upgraded to the next stage (probably/proven reserves), it will likely be the catalyst to push the SP to the point at which it should be