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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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

Bullboard Posts
Comment by MisterBon Oct 05, 2012 3:44pm
425 Views
Post# 20454365

Website Updated: Fact Sheet/Pics

Website Updated: Fact Sheet/Pics

New Fact Sheet shows mine plan forecasts, so Flinstone, you are right, this is new AND based on the new mine plan.  I guess a PR is forthcoming??? I would hope so.  Also, some new pics.

Interesting they use a 36 month comparison - tomorrow I am 35 months into this investment - and was lucky to build a million plus base at .04 before it took off to the teens.  In hindsight, I would have/should have traded this stock, rather than accumulate, trade a portion while holding the majority.

Baystock, Majestic has to show consolidated results and forecasts even in a JV. This is standard procedure even though they own a net of 70%.

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36 month Performance:

  • Revised ownership 70.5% (Feb. 2010)
  • Raised $75 million - most recent $35.5 million (Jun. 2012)
  • Increased Market Cap. from 11 million to 150 million in 3 years
  • NI 43-101 Resource update (Apr. 2010)
  • PEA completed by Wardrop (Mar. 2011)
  • New 6,000 tpd mill (comissioned May 2011) - capacity increasedto 7,400 tpd
  • Outperformed Gold, TSX-V, DAX, DJI
  • NI 43-101 Compliant Resource Estimate used in Preparation of the PEA
     

Strategy for Growth

  • Production Optimization to 100,000 oz/year
  • Improve grade control
  • Upgrade assay lab
  • Conduct topographical survey
  • Expand mining scope
  • Expansion of Resource - would really like to see this.
  • Exploration drilling
  • Hong Kong Stock Exchange Listing - would really like to see this.
  • Obtain sponsorship
  • Complete fiscal year audit
  • Complete current technical report
  • Mergers and Acquisitions
  • Identify potential targets
  • Visit Target Sites
     

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B

Bullboard Posts