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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 Apr 05, 2011 4:49pm
386 Views
Post# 18389523

RE: Undervaluation=Lack of Motivation

RE: Undervaluation=Lack of MotivationMr Investor,

Funny (or sad), but I saw that yesterday and thought the same thing.  I've made no bones about my position on that over the last 6 months, so I won't rehash it.  It's frustrating for sure, because so much share price potential is to be had, if only promotion occurred.  That said, when I look at the overall picture, I see so many positives that shareholders are sure to benefit in the near term (within 3 months) and the long term 3 months to 2 years (take-out, forward PE valuation if not).

As of March, per the presentation:
--The mill is pretty much done.

As per the Rod Husband interview Nov 18th--
--"from mid-year to third quarter next year, be on target for 100,000oz from there, on..." (calendar year, not Q)

As per the Vicarage report March 17th:
--MJS has applied for a license for the increased milling capacity (7400 Tonnes per day)
--"...the mill is expected to be operations from June 2011."

So, the big picture looks very good in the short and long term...

Cheers,

B
Bullboard Posts