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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 27, 2011 7:18pm
315 Views
Post# 18497464

RE: RE: RE: RE: Input?

RE: RE: RE: RE: Input?SmilingCanuck,
Unfortunately, Majestic has not had the best PR strategy prior to 2011, so the number of people following the stock is relatively small.  At times in the past, it has taken a day or two for news to start to get picked up, and I assume this will be the case with this. Underwhelming response today, unfortunately.  In Germany, the stock traded almost 300% more, and the news has yet to hit that market. I assume when it does, it will pop.
As we know, there are a number of milestone events on the horizon, such as financing, a Hong Kong listing, and possible graduation to the TSX, all in addition to the commencement of this new mill.  It would have been nice to see them indicate this increases production to 4400 Tonnes per Day including the other mills, and they will be targeting 7400 TPD after this mill hits 6000 Tonnes.  None the less, we shareholders know this is coming so this news release is great news and is "the start" of majestic finally graduating to a full-on "Mining" Company.    
I do believe this news is very significant, and the start of more transparent communications from the company as production ramps up, so I welcome this news with open arms.... now, the word really just needs to get out as Majestic ramps up...
Good things coming imo.
B
Bullboard Posts