Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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.

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Majestic Gold Corp. > HKEX listing gets us back on track

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Comment by nozzpackon Nov 17, 2022 2:00pm

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Post# 35107795

RE:RE:RE:RE:HKEX listing gets us back on track

You miss the point that we need to convert more gold resources to mineable, as we only have 1.3 years left and those grades are very low.

To do so, stripping of over burden must be done, drilling must be done, new mining benches need to be configured , tailing ponds need to be enlarged and, thank God, mill capacity will be increased to 3.3 mtpa, which will get us over 100,000 ounces of production .

Then, we will be sold for $500 million US while, in the 16 month expansion process, still throwing off millions in free cash flow per year .

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