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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 Feb 10, 2012 5:50pm
260 Views
Post# 19518684

RE: RE: RE: question

RE: RE: RE: question

That could be partially true. The engineering study is by the chinese though....  not sure why the delay, unless:

  • The Chinese engineering study is taking more time and is a precurser to the mining plan being completed, both of which are a  requirement for the 7400 tpd license
  • Getting the HKex listing will help the speed at which the license is obtained, which is why the focus seems to be on mining the halo around the higher grade zone vs. completing these studies/plans...

Not entirely sure.

These nuances with the Chinese and/or Majestic are not helped at all by the "lack of PR's using real newswires" mentality - or the lack of ability of management to actually think it is GOOD to keep shareholders informed and up to date. Talk about total stupidity.  I tell ya, this ignorance just totally floors me.

B

 

Bullboard Posts