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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 richard45161on Jan 16, 2023 2:22am
135 Views
Post# 35225058

RE:Worst Case / Best Case

RE:Worst Case / Best Casei like to work with PE ratio, since this is the standart to evaluate the shareprice (for compansy that actually earn resonable money). Scenario 1 (minus the dividend) is reality right now. This brings us to a PE ratio of about 4. This is ridiculous for a 20mio+ net profit with a very safe business model and no exceptional risks and 50 mio+ cash on its hand. PE ratio should be right now at about 15-25. At least 3x from here, in this second. Its like having one of the best kites in the world, and then management puts 2 sacks of gravel on it, just because. I really wanna get loose of this gravel, management. Do what the owners of the company are paying you to to and just let the kite fly. No fanatsy, no exaggeration, its the easiest job in the world

thank you



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