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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.


TSXV:MJS - Post by User

Majestic Gold Corp > Base Case
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Post by Value2020on Jan 13, 2023 7:45am
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Post# 35220538

Base Case

Base Case
MJS has 7.5c CAD cash sitting on the balance sheet with virtually zero debt. Putting aside any postive development and flat production and zero improvement in grade and gold hovering around $1900 MJS will add about 3c-3.5c CAD in 2023.

Basic math says 7.5c CAD + 3c CAD = 10.5c CAD CASH 

Today's share price is less than the cash on hand MJS will have in a few quarters. Agian what's not like? 

2023 we see atleast a double just like we got in 2022.  
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