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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

Comment by Value2020on Dec 04, 2022 3:11pm
88 Views
Post# 35149674

RE:AGM Tommorow

RE:AGM TommorowThe reason for no stock option is that the previous options expired worthless because of previous years delay with production and the government imposed safety on mining in china in 2021.

So you are thinking $5 post HKEX. At 50 million shares this translates into 250 Million Market Cap. I think that fair start up 150% from here. 

So about .25c - .30c in today's share count scenario. This will unlock shareholder value and get MJS into some sort of fair value range. The rest will come in the form of future growth or dividend.

Plus being a 11 year old company on the Senior Venture Exhcange listing, graduation to the big board is very likely in the near future. We will show 4 quarter of solid profitabilty with 10 year of operating history.   


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