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Jennings Capital has initiated coverage on Mega Precious Metals (TSXV: MGP)

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Analyst Peter Campbell gives the company a speculative buy recommendation and a 12-month target price of $0.25, a premium of 108% to the $0.12 price on July 22nd when the report was issued. Mega Precious is developing the Twin Lakes deposit on its flagship Monument Bay Gold Tungsten project, located in northeastern Manitoba.