Next 2.5 Months will be GREAT.Looking at the items Majestic should be delivering to shareholders over the next 2.5 - 3 months, I really get the feeling we're in for one hell of a ride. I figured I'd post some things that shareholders will see, and things that shareholders "should" see over the next few months. Hopefully this will give some newbies and prospective shareholders some things to digest.
1) Monday, Jan 31st: 2010FYE financials. What a year. The stock went from .04 to .28 and sits at .235.
-Majestic started test production at about 1200 Tonnes per day
-Majestic completed 75% of a new 6000 Tonne per day mill and tailings storage facility
-Majestic completed an acquisition of an additional 40% of the Song Jiagou project - to 94%
-Majestic closed $9M in financing (warrants), paid off the $2M RAB loan, and received most of the Sawayaerdun sale proceeds.
-Majestic & Wardrop completed two 43-101 technical reports, with the most recent at 3M oz AU (I&I)
As we know from the presentation, we should see just under $2M Revenue for the Q, Operating income of just under 500k, and a net loss of ???. Full year will see Revenues of $5.4M, Operating income and net loss due to CAPEX.
2) Monday Feb 28th: Q1 FY 2011 Quarterly financials (Oct - Dec). Based on the website presentation, shareholders should see: $2.3M Rev's, $481k Operating Income, net less of??? due to CAPEX
3) Drilling results: Feb, March ???: Shareholders know from the interview that drilling has commenced and gold extends to the north of the property. Results were supposed to be out "shortly" after the Nov 18th interview, but have yet to be released. Are they planning a full on drilling program to increase the overall resources? To move resources from I&I to M, to P&P? I say so - because of 4).
4) Scoping study released with NPV of $525M. Much of this data will be used to complete the pre-feas study, so moving resources from I&I to M, and to Probable and proven is key. Thus, a drilling program is needed.
-On that note, I hope we do see that Pre-Feas study out in the next couple months to solidify the NPV number and increase certainty of the the resources (especially inferred). Release March/April???
5) Completion of Mill & commencement of operations - due for "Spring", "April Quarter", as per the presentation.
6) Tues, May 31st: Q2 financials. The first using the scoping study, and last before starting up the new mill. Forecast of $3M Revenue as per presentation. From this Q on, forecasts of $15M revenue moving forward as the mill is started and head grade increases to indicated levels.
7) Financing and possible HK listing. This would push Majestic into a new tier, in my view, as would starting of the mine - again, as Majestic transitions into a Gold producer.
All in all, Feb and March should be amazing months, and April, if the mill is ready and starts processing at that time, will be the start of a new era. Personally, with all the above on the near term horizon, it will be interesting to see where the shareprice goes- but it will most certainly be "up" by the time April comes around. How much is the question.
PS. Tockey - looking at $1500 for Gold price for EOY, and that may be conservative.
Cheers!
B