2020 Projections * Revised 2020 Projections Q2 to Year End
Assuming average of 7,000 oz per quater and all in cost are about $850oz with NO growth!
GOLD PRICE REVENUE COST PROFIT
Q2 $1725 12.08 M 6 M 6.08 M
Q3 $1900 13.3 M 6 M 7.3 M
Q4 $2000 14.0 M 6 M 8.0 M
Cash on Hand $25M+ as of March 31, 2020. Year end cash pile shoue be $46M+
Entire Market Cap right now is $70M. Majestic will be selling for less than $34M ex cash by year end with a 20 year producing mine.