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Indiva Reports Fiscal Year 2023 Results Including Record Positive EBITDA and Income (click to learn more)
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Majestic Gold Corp. MJGCF


Primary Symbol: V.MJS

Metals & Mining Gold
Majestic Gold Corp. is a Canada-based mining company. The Company is engaged in mineral resource exploration, development and extraction. The Company’s Songjiagou Gold Mine covers approximately 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 km north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 km North of Kalgoorlie and 700 km northeast of Perth, in the Goldfields region. E63/2110 (Kumarl) tenement has been granted and is comprised of 10 blocks located 250 km south of Kalgoorlie.


TSXV:MJS - Post by User

Majestic Gold Corp.
Bullboard Posts
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(1)
•••
Comment by Pezo_Plakaon Sep 26, 2019 1:46pm
387 Views
Post# 30167327

RE:News release explanation

RE:News release explanationOK..
My previous post was beforeI realized  there was a news release last night.
So it seems that UG and AG (Above Ground) will work in tandem.
This is what would have been expected. 
I am curious where the math on ounces produced and the cost of those ounces now factor in.
Anybody guess to venture who has more mining background ?  Is Mr.B still around ?

Can we hit 50k ounces at a cost of 400oz for the end of 2020 leaving us about 50-55 million in profit @1500 an oz average.  That would be about 0.05 cents a share EBITDA and hopefully get back to 0.20 at a minimum (and I can get my money back plus modelst profit after 5 years of waiting..)

Good Luck..
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities