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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Metals & Mining Gold
Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 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 kms 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 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.


TSXV:MJS - Post by User

Majestic Gold Corp.
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(2)
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Comment by MisterBon Feb 12, 2010 6:53pm
174 Views
Post# 16782369

RE: MD&A Info: Gold being Mined currently

RE: MD&A Info: Gold being Mined currentlySorry, bad math. But MUCH BETTER:

Assume the average gold/tonne is 1.45g/tn based on the two numbers above.
Processrate today:

--> 1500 tn/day (1.45g * 1500tn/day = 2175 grams/day or77 oz/day).
-->This equates to 539 oz/week.
-->This equates to 28,028 oz per year (assuming production 7d/week, 52 weeks/yr)

Am I right on my math?  Anyone have other thoughts?

B
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