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Bullboard - Stock Discussion Forum Mega Precious Metals Inc MPRXF

GREY:MPRXF - Post Discussion

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Post by ctoivo on Jun 12, 2014 12:37am

Headway?

I owned this stock originally for the Headway possibilities and now will be buying back in because of Monument Bay.  Does anyone know MGP's strategy with Headway?  Since Goldcorps is delving deep near by, horizontal drilling by them would be the ticket to see whats down there, but of course they hold most of the cards and likely want to wait out MGP.  Any thoughts?
Comment by u2bob on Jun 12, 2014 8:19am
I think a JV with them would work ...on a earn in agreement where they carry the costs of drilling and potential mine costs...or sell it if the price is right and use the cash towards Monument Bay...lots of options to kick around ...like I said yesterday getting in this cheap is well worth the risk / reward...I also like the potential on the tungsten by product...all I CAN SAY IS CRAZY LOW SHARE ...more  
Comment by Miran on Jun 12, 2014 8:56am
The potential is certainly there, I've tripled my position in the last 5 days. averaged down below 11 cents. This a wait and see holding, they have their hurdles but the gold and tungten is still in the ground and isn't going anywhere. GLTA  
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