Majestic Gold Corp. V.MJS

Q4

[nozzpack]

I do know that beginning in Q2/ 2022 they  have been removing overburden ( stripping ) the far bank of the open pit where the first mining bench is to be configured for mining.

If I remember correctly from the HKEX document, this would take about 6 months .

Its possible therefore that we might get a month or so of mining this Quarter.

In any event, mining will quickly ramp up in 2023.

[Value2020]

Then the Q4 number are all that much more important!!! We will have the HKEX outcome along with the Q4 numbers hopefully containing Bench #1 grade.  Both items have a deadline of March 2023. Enjoy the holidays!!! This waiting time is going to pass in a blink especially for the members holding for years.    Next floor $0.15c will come in a short while just a matter of few weeks

[nozzpack]

So, they began pushing back the wall of the first bench in Q2 of 2022. Full push back was expected to take 6 months .. This process of push back involves removing the overburden , removing the waste rocks, the filtered remainder of which is forecast to provide about 600 tpd of mine feed at 0.62 grams per ton. This is probably how the first one or two quarters will start, with the lower grade ore