LaramieHirsch
New Member
Hello again.
As I've stated before, I'm new to the silver world. Cashed in at $37. Made $35 an ounce after fees. Waiting for it to drop to $32 to break even, and then I'll buy back in.
I was thinking of perhaps advancing this money I'm sitting on with a stock of some kind.
I happen to get newsletters from the National Inflation Association. I almost doubled my money with one of their silver mining reccomendations. But these folks, I hear, can be/are shady.
Here's what they sent me. Tell me what you think of their reccomendation:
Mega Precious Metals Inc. (TSX Venture: MGP)
Currently: $0.37
http://www.megapmi.com
Important: NIA never recommends that you buy or sell any stock. We are not investment advisors and don't provide investment advise. NIA strongly warns when buying or selling any stock that you always use a limit order and never use a market order. It is also a good idea to always be patient and never chase a stock if it rises above the price you liked it at.
NIA is pleased to announce to you its latest gold stock suggestion. The company is Mega Precious Metals, Inc. and it is trading in Canada on the TSX Venture exchange under ticker symbol MGP and in the U.S. on the pink sheets under ticker symbol MPRXF.
MGP is a gold exploration company with three major gold exploration projects in Canada. MGP's most advanced exploration project Monument Bay is located in North East Manitoba. MGP has two earlier stage exploration projects located in Red Lake, Ontario called North Madsen and Headway.
MGP has 74.3 million shares outstanding and at its current share price of $0.37, MGP has a market cap of $27.49 million. In February, MGP closed on a private placement in which it raised $11.5 million by issuing 14.375 million shares at a price of $0.80 per share. MGP is currently sitting on around $10 million in cash.
MGP's current share price is less than HALF of where major investors invested $11.5 million into the company only three months ago! To the best of our knowledge, nothing negative has happened to the company since then. The stock has slowly drifted downward on very low volume averaging only 75,687 shares per day. We believe MGP is an undervalued, undiscovered gem, with astronomical upside potential once the investment community discovers it.
MGP's Monument Bay property has an inferred resource of 1,212,000 ounces of gold! If you subtract MGP's estimated $10 million in cash from its current market cap at $0.37 of $27.49 million, the market is valuing MGP's 1.2 MILLION ounce gold resource at Monument Bay at only $14.43 per ounce! Gold is currently $1,483 per ounce, which means MGP's NI 43-101 compliant gold resource base is being valued at less than 1/100th the price of gold!
That's also not giving MGP any value at all for their North Madsen and Headway properties in Red Lake, Ontario. Not many people know this, but gold was first discovered in Red Lake in 1926 and less than a decade later in 1936, Red Lake's Howey Bay became the busiest airport in the world with more flights taking off and landing per hour than any other airport in existence worldwide.
Goldcorp (GG), which currently has a $38.9 BILLION market cap, has a gold mine at Red Lake called the Red Lake Gold Mine, which is Canada's LARGEST gold mine! In 2010, GG's Red Lake Gold Mine produced 703,300 ounces of gold at a cash cost of only $297 per ounce.
MGP's North Madsen properties at Red Lake are comprised of the land packages of Laverty and East My-Ritt. The Laverty claim consists of six patented mining claims totaling approximately 240 acres that are contiguous with the historic Hasaga and Howey gold mine properties, which produced approximately 640,000 ounces of gold within similar host rock to those located on the Laverty property. Historic exploration on the Laverty property has confirmed the presence of extensive near-surface gold mineralization.
MGP's East My-Ritt property consists of eight patented mining claims totaling approximately 320 acres that are contiguous with MGP's Laverty property and adjacent to the historic Hasaga and Howey gold mine properties. Gold occurrences spatially associated with the structure include diamond drill intersections grading 18.2 g/t gold over 3.5m and 7.43 g/t gold over 1.0m.
MGP's Headway property consists of six (6) patented claims and one (1) unpatented claim units totaling approximately 320 acres. The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, shear / deformation zones that are associated with the high grade gold system on the adjacent mine properties.
MGP has an experienced management team that is committed to an accelerated growth strategy to develop MGP's projects. MGP's CEO Jim Rogers was previously GG's Regional Exploration Manager for the Red Lake region who was credited with discovering GG's high grade zone at their Red Lake Gold Mine. That's right, the person who discovered the high grade gold zone at the Red Lake Gold Mine, the largest gold mine in Canada, which produced 703,300 ounces of gold last year and is owned by GG, a $38.9 billion company, has now become the CEO of MGP and MGP owns two major properties at Red Lake that NIA believes the market is currently giving absolutely no value to.
MGP's Chairman is Ewan Downie, who is currently also the President and CEO of Premier Gold Mines (TSX: PG), a $624 million company. He was previously the President and CEO of Wolfden Resources, which was acquired by Zinifex Limited for $360 million.
As I've stated before, I'm new to the silver world. Cashed in at $37. Made $35 an ounce after fees. Waiting for it to drop to $32 to break even, and then I'll buy back in.
I was thinking of perhaps advancing this money I'm sitting on with a stock of some kind.
I happen to get newsletters from the National Inflation Association. I almost doubled my money with one of their silver mining reccomendations. But these folks, I hear, can be/are shady.
Here's what they sent me. Tell me what you think of their reccomendation:
Mega Precious Metals Inc. (TSX Venture: MGP)
Currently: $0.37
http://www.megapmi.com
Important: NIA never recommends that you buy or sell any stock. We are not investment advisors and don't provide investment advise. NIA strongly warns when buying or selling any stock that you always use a limit order and never use a market order. It is also a good idea to always be patient and never chase a stock if it rises above the price you liked it at.
NIA is pleased to announce to you its latest gold stock suggestion. The company is Mega Precious Metals, Inc. and it is trading in Canada on the TSX Venture exchange under ticker symbol MGP and in the U.S. on the pink sheets under ticker symbol MPRXF.
MGP is a gold exploration company with three major gold exploration projects in Canada. MGP's most advanced exploration project Monument Bay is located in North East Manitoba. MGP has two earlier stage exploration projects located in Red Lake, Ontario called North Madsen and Headway.
MGP has 74.3 million shares outstanding and at its current share price of $0.37, MGP has a market cap of $27.49 million. In February, MGP closed on a private placement in which it raised $11.5 million by issuing 14.375 million shares at a price of $0.80 per share. MGP is currently sitting on around $10 million in cash.
MGP's current share price is less than HALF of where major investors invested $11.5 million into the company only three months ago! To the best of our knowledge, nothing negative has happened to the company since then. The stock has slowly drifted downward on very low volume averaging only 75,687 shares per day. We believe MGP is an undervalued, undiscovered gem, with astronomical upside potential once the investment community discovers it.
MGP's Monument Bay property has an inferred resource of 1,212,000 ounces of gold! If you subtract MGP's estimated $10 million in cash from its current market cap at $0.37 of $27.49 million, the market is valuing MGP's 1.2 MILLION ounce gold resource at Monument Bay at only $14.43 per ounce! Gold is currently $1,483 per ounce, which means MGP's NI 43-101 compliant gold resource base is being valued at less than 1/100th the price of gold!
That's also not giving MGP any value at all for their North Madsen and Headway properties in Red Lake, Ontario. Not many people know this, but gold was first discovered in Red Lake in 1926 and less than a decade later in 1936, Red Lake's Howey Bay became the busiest airport in the world with more flights taking off and landing per hour than any other airport in existence worldwide.
Goldcorp (GG), which currently has a $38.9 BILLION market cap, has a gold mine at Red Lake called the Red Lake Gold Mine, which is Canada's LARGEST gold mine! In 2010, GG's Red Lake Gold Mine produced 703,300 ounces of gold at a cash cost of only $297 per ounce.
MGP's North Madsen properties at Red Lake are comprised of the land packages of Laverty and East My-Ritt. The Laverty claim consists of six patented mining claims totaling approximately 240 acres that are contiguous with the historic Hasaga and Howey gold mine properties, which produced approximately 640,000 ounces of gold within similar host rock to those located on the Laverty property. Historic exploration on the Laverty property has confirmed the presence of extensive near-surface gold mineralization.
MGP's East My-Ritt property consists of eight patented mining claims totaling approximately 320 acres that are contiguous with MGP's Laverty property and adjacent to the historic Hasaga and Howey gold mine properties. Gold occurrences spatially associated with the structure include diamond drill intersections grading 18.2 g/t gold over 3.5m and 7.43 g/t gold over 1.0m.
MGP's Headway property consists of six (6) patented claims and one (1) unpatented claim units totaling approximately 320 acres. The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, shear / deformation zones that are associated with the high grade gold system on the adjacent mine properties.
MGP has an experienced management team that is committed to an accelerated growth strategy to develop MGP's projects. MGP's CEO Jim Rogers was previously GG's Regional Exploration Manager for the Red Lake region who was credited with discovering GG's high grade zone at their Red Lake Gold Mine. That's right, the person who discovered the high grade gold zone at the Red Lake Gold Mine, the largest gold mine in Canada, which produced 703,300 ounces of gold last year and is owned by GG, a $38.9 billion company, has now become the CEO of MGP and MGP owns two major properties at Red Lake that NIA believes the market is currently giving absolutely no value to.
MGP's Chairman is Ewan Downie, who is currently also the President and CEO of Premier Gold Mines (TSX: PG), a $624 million company. He was previously the President and CEO of Wolfden Resources, which was acquired by Zinifex Limited for $360 million.
