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4/24/15

Yamana (AUY) (YRI.to) and Mega (MGP.v): Another piece in the nascent big boy land grab

Here's a longview price chart of Mega Precious Metals' (MGP.v):


With the ticket price at 10c, spec players who accumulated at 4c and 5c this year have a decent little win. It's not one I've gone for recently, but the idea of collecting cheapo land assets is one of the main thrusts of The IKN Weekly strategy for 2015. Yamana wants the land, other bigboys will want theirs, at some point the market will notice the trend that's starting and won't allow the Tier 1 and 2 PM producers to get these things so cheaply. Just sayin'.

UPDATE Friday afternoon. Pleasant to see how much inspiration Gwen Preston gets from this humble corner of cyberspace.