RE: RE: RE: RE: 43 - 101 - I don't think so
All along we've been told there is potential upside with the new 43-101. I've heard "with a possibility of up to 50%" - which would coincide with the research from the German firm (1.8, 1.9 or 2M Oz).
The German firm also states they expect to be cash flow positive within a few months - well, that is stated in print on their website as of a week or two ago. So, that should be common knowledge to investors doing their DD. I've posted it on this board before.
Hibbits is very well respected among his peers and the Song Jiagou property is already processing at 1500 TPD as per their agreement with the JV.
Again, for those that have not read the front page of the Majestic Gold website:
"Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange andFrankfurt Exchange listed gold exploration and development company with avery advanced gold deposit in Shandong province of China. The companyhas a, NI 43-101- compliant, indicated and inferred gold resource on itsSong Jiagou property with plans to publish a new resource soon. Arecently announced deal will increase Majestic's effective ownershipfrom 54 to 94 % and has allowed the property to commence production atan initial rate of 1,500 tpd. With a contract that fixes operating costsand allows use of land and equipment, Majestic will be cash positive ina matter of months."
BTW, considering how MJT is trading on the DAX, expect .075 - .085 today as a trading range.
Simply watching and enjoying the fruits of our DD.
B