Majestic Gold Corp. V.MJS

4 Most Recent Q's

[Value2020]

The financial summary of results for 4 most recent quarters are below:

June 30, 2022
Revenue:                 $16,438,676 
Net income (loss): $5,844,799  
Income per share:   0.01 

March 31, 2022
Revenue:                 $16,966,985  
Net income (loss): $5,417,860 
Income per share:   0.01 

December 31, 2021 *
Revenue:                 $14,045,604 
Net income (loss): ($146,728) 
Income per share:   (0.00) 

September 30, 2021 *
Revenue:                 $9,653,844
Net income (loss): $1,841,962
Income per share:   0.00

* The decrease in net income was due to the impact of the temporary suspension of all mining operations in the Shandong Province, including the SJG Project, during 2021, pending the completion of governmental safety inspections throughout the industry. The SJG Open-Pit Mine resumed operations on August 12, 2021.

[nozzpack]

$11.5 million US in net earnings in the last two quarters when production reached breast plate milling. Thats about $14.5 million CAD and this earnings rate should now be sustained resukting in about  $29 million cad in net earnings on an annual basis. Typically, microcap gold trade at about 15 times net earnings which would place fair peer based market cap value at about $415 million CAD