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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 Jan 21, 2011 8:04am
258 Views
Post# 18006063

RE: RE: Hello everyone

RE: RE: Hello everyoneWelcome Teatime.  I've always kept a close eye on the german market and boards (wallstreet online, finanzen.net) and see that German markets haven't reacted the way I expected as of yet.  Only up 3% after 6 hours of trading and just under 1M shares traded. 

I hesitate to try to forecast a Share price/movement or short term impact on market capitalization simply because  the general investing public is usually slow to react.  As this co is now poised to graduate shortly to a "gold producing" company, coupled with the PEA, I hope the investing public wakes up.

That said, the numbers are outstanding. From the NPV to the incredibly short payback timeframe.  2.2M oz over 22 years - with greater potential to the north and at depth, this is just the beginning.

I think we are in for one hell of a month.  Now I just need to read the full technical report once on Sedar (haven't checked yet)...

Very exciting times for longs and newbies alike.

B
Bullboard Posts