Majestic Gold Corp. V.MJS

Q2 Predection

[Value2020]

Gold Production:  7000oz
Avg. Grade:         .70g/t
Avg. Gold Price: $1725/oz

Revenue: 12.10M
AISC :        6.10M
EBITDA: 6.0M

Mister B. what do you think. I have $20K more i can add to this position in the coming 2 weeks.

I think MJS will go like KTV ages ago.

[MisterB]

Hi Value, A buyout or HK listing has to be an exit plan they are thinking of and I would like a buyout just like KTV.  We will see, but this is certainly the environment for it. WRT your estimates, I think they are high.   You have to factor in smelter costs and other residual costs (see MD&A and Financials).   I see the following: Q2 - Profit $3.3M based on similar

[Value2020]

I still remember going into office and logging in and seeing the KTV buyout, around .60c wasn't it. That was EPIC. Hope MJS gets a proper valuation soon, its so undervalued with gold at $2000. I am using EBITDA since depreciation is a non cash item. They have already spent what they need to spend on the Mill, relocation of villages, now just adding a few vechiles nothing major. Paying