Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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

Majestic Gold Corp.

Bullboard Posts

Comment by MisterBon Mar 08, 2012 8:34am

402 Views

Post# 19642184

RE: RE: RE: What is going on here

That was a strategy they employed at .20 and at .21. We'll see if that trend continues.

WIth Majestic months away from producing 100,000 oz per year (on average), for 22 years, you are talking $160m revenue per year for 22 years. Even more production in the first few years. At a cost of $350 per ounce, you see why money has been accumulating for some time.

This story is going to go parabolic in the next 7 - 10 months, if not way before... it should have been valued much higher last June when the 6000 tpd mill went live.

B

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