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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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

Bullboard Posts
Comment by MisterBon Nov 18, 2010 5:28pm
393 Views
Post# 17726953

RE: production possibility

RE: production possibilityCapitalx,  It's been that way for a year now - crickets, unless European newsletters are pumping.  It has allowed many longs much time to accumulate, which certainly has been a good thing.
I will say - if drill results do come out, and gold is found beyond the current depth used in the recent NI 43-101 (which was thought of as the bottom of the gold veins, but was stated as something to investigate in the 2010 NI 43-101) Majestic gold could be looking at a substantial increase in reserves.   I guess we will see when news comes out, but take this time as an opportunity to accumulate.  A base has been built. A base of investors is aware of the stock now, so I do believe in weeks to a few months, this will break the 52 week high and will be on the radar of Canadian and US investors more than it ever has been.
Patience is key.
B
Bullboard Posts