13:17:44 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Mega Precious Metals Inc
Symbol MGP
Shares Issued 173,161,594
Close 2014-10-30 C$ 0.055
Market Cap C$ 9,523,888
Recent Sedar Documents

Taylor says buy Mega Precious Metals

2014-10-30 19:08 ET - In the News

Jay Taylor, in the Oct. 15, 2014, edition of Gold, Energy & Tech Stocks, says buy Mega Precious Metals Inc., recently eight cents. Mr. Taylor said buy on March 14, 2014, at 17.6 cents. Assuming a $1,000 investment for the buy, the position is now worth $454. Mega has released another round of metallurgical results on its Monument Bay project in Manitoba. Using conventional milling processes, the test returned a gold recovery rate of 90.3 per cent. That number could very well improve, figures Mr. Taylor, as the company is conducting additional optimization tests on gold and on the substantial amount of tungsten byproduct present at Monument Bay. Engineering studies have pegged operating costs for gold dore production at $15.35 a tonne based on 5,000 tonnes a day of throughput. That cost drops to $11.78 at 10,000 tpd and $10.10 at 18,000 tpd. A preliminary economic assessment of Monument Bay is expected in the first quarter of 2015, with prefeasibility and feasibility studies to follow. Mr. Taylor says the major concern with Mega Precious is fundraising in today's weak market. As of June 30, it had a working capital of only $1.2-million. Regardless, Mega is a good buy for speculative investors.

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