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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
Post by MisterBon May 24, 2017 8:01am
299 Views
Post# 26276133

Q2: Net profit: 1,385,856

Q2: Net profit: 1,385,856I can say that I am not overly impressed with the production and I do with they would get the grade up and the throughput increased (although if grade is low, why increase throughput).

That said, FY17 has a management focus on profitability and it is starting to show. As grade increases (and throughput) results will only get better...

I'd like to see a shareholder update or some CEO comments on results and future expectations, as we shareholders get no sense of this from the current PR format.  Very dry.

That said, I like a profit of 1.4M on 7m revenue and if production was to double or triple, we see that this could be a cash cow.

B
Bullboard Posts