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.

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Majestic Gold Corp. > Cash flow against debt

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Comment by Freddy1989Germaon Jan 24, 2024 1:49pm

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Post# 35843409

RE:RE:RE:Cash flow against debt

If I see this correctly, Majestic Gold currently has 59 million in debt

59 million 2023 December
48.4 million 2022 December
30.1 million 2021 December

Does anyone know how much money Majestic Gold has to pay for the debt service interest?

I mean how much money Majestic Gold pays off you would think that with the cash flow there would be enough money left at 2000 dollars gold price to push this debt

I mean is there a plan how much money they pay back per quarter to get their books clean and have 0 debt soon.

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A junior copper-gold stock trading at a bargain of monumental proportions