Post by
Value2020 on Nov 25, 2022 6:56am
MJS.V Detailed Fact Sheet for Review
Market Cap: 88.63 Million
Cash Position: 43.30 Million
Total Debt: 0 2022 Net Income 6 months: 11.30 Million The financial summary for 2 most recent quarters:
June 30, 2022
Revenue: $16,438,676
Net income (loss): $5,844,799
Income per share: 0.01
March 31, 2022
Revenue: $16,966,985
Net income (loss): $5,417,860
Income per share: 0.01
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Mine In Productin Since 2011
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Mine License extened for 10 years Till 2031.
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First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031. No Regional or Regularity Risk.
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Mine life till 2043 (21 More Years) so 1 more extension will be needed. History shows this will be routine.
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Governmental Safety Inspections completed in August 12, 2021. No remaining risk.
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Total cash costs are $654/ounce. Gold trading at $1755/ounce
Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers
- Majestic first 6 months net income: 11.3 Million
- 12 Month projected Net Income: 23.0 Million
- 23 Million x 25 times multiple = 575 Million
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