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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 Jun 06, 2014 8:47am
336 Views
Post# 22636494

RE:RE:MJS 2Q14 results: some good signs

RE:RE:MJS 2Q14 results: some good signs
Great point guys.

Plezo, what you posted should not be lost on shareholders. If MJS just doubles its grade to .82, it doubles it's oz to approx 12k/Quarter.  It is doing no more work or milling, so costs should be stable, which would result in a 50% decrease in cost/oz.

Considering MJS has average grades of 1.2, oz go up to 18k, on the same work and therefore the same cost, so cost per oz is decreased by 67% as they now produce 3 oz for every 1oz they used to produce when grade was .41.

Interesting times ahead.  The question always is... how far ahead.

B
Bullboard Posts