Canadian Stocks

[originunknown]

Adding this one to my watch list!!

Megastar Development Corp.(TSX: V.MDV, BullBoards) - The company hosts a portfolio of well-situated exploration projects in Quebec and British Columbia. The company currently focuses on gold and Volcanogenic Massive Sulphide (VMS) deposits. Megastar has projects in development from grassroots to advanced stage with a pre-NI 43-101 resource estimate and historic production. Currently, the company has a portfolio of three strategically located exploration projects within some of the high potential exploration areas of Quebec and has recently acquired a well located project in a recently active area in British Columbia.

We believe MDV is significantly undervalued based on its market capitalization in comparison to other exploration companies in the surrounding areas of BC and Quebec. Due to the potential of its properties, significant upside in the company's value exists. Megastar is well funded for 2007 and has institutional interest, as MineralFields Group (a division of Pathway Asset Management) participated in a round of financing, investing nearly $1 million in October 2006.