RE: Assay Lab Hi SC,
Thanks for compiling this information. As I've been holding and trading Majestic for a few years now, and have become very familiar with their story, I would say you have to be a little more conservative with timeframes. I don't recall them ever being ahead of schedule on anything.
Based on the information Rod stated in the interviews, I would use the interview date/publish date as the 3-month "from" date. So, April/May, if we use the earlier month, brings us to the end of July. Adding the 6-week ramp up time to July (mid or end of), it could be August or September. This would coincide well with the timing of the license expansion:
- The Company is working closely with SRK Beijing on an application to the Chinese Government to expand the mining zone and mining permit to 7,400 tpd this fall
Obviously, based on the presentation and forecasts, we should expect this ramp up to be occuring now, with the real ramp up likely to occur in Q4. The timeframes in the article, in my view, point to later Q4 - but who knows. As long as they get there, and soon, the better. I'd be glad to be wrong and have them be ahead of schedule.
B