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Bullboard - Stock Discussion Forum 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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > PRG holding steady
View:
Post by Nklogix on Apr 10, 2024 10:05am

PRG holding steady

Market Cap @ 1.74 Billion HK$

Equals 303+ Million CAD

@70.5% share = 214 Million CAD


Equals 21c per share that a 3X

Its a matter of WHEN not IF



Comment by rbg3006 on Apr 10, 2024 10:22am
Can anyone explain why the PRG price has risen so much in the last few days since the last financial report was published? Is it perhaps because there are few precious metals stocks on the HKEX and the rise in gold price has sparked interest for mining companies? There are dozens of precious metals stocks on the TSX in Canada and that's where MJS gets lost in the spotlight.
Comment by Nklogix on Apr 10, 2024 11:51am
Simple answer is Gold price has shot up. Also Costco is selling 200 million worth of Gold bar every month.