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 > Worst Case / Best Case

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Post by Value2020on Jan 15, 2023 10:09pm

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Post# 35224690

Worst Case / Best Case

The worst case scenario in my opinion is a double again this year. This happens if nothing changes, NO Gold price increase, NO produciton increase, NO HKEX listing resolution, NO improvement in Grade etc... All lot of NO's BUT still a DOUBLE 20c +/-

Best case production doubles to 80,000 oz's and Gold price rises to about $2200 and nothing else happens we will easily see 50c +/-

Other events like HKEX listing or further property development or aquisition or hitting a rich grade vein etc... we can cross 70c +/-

So net net its a 2x to 7x in due and with a little bit of luck!!!

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