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. > Distributable Reserves

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Comment by 22882288on Apr 28, 2024 9:22am

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Post# 36011485

RE:RE:Distributable Reserves

The debt is negligible as there is USD$102M in current assets, US$98M of which is cash. Then there’s another US$85M of long-term assets. Even taking an extreme case of paying off all liabilities at once, MJS would still have over US$63M of net cash which is even higher than the current stock’s trading value so the operating assets and positive cash flow generation are freebies. It’s rather absurd how discounted the stock price is.

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