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.

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Majestic Gold Corp.

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Comment by rbg3006on Mar 22, 2020 4:52pm

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Post# 30835548

RE:RE:MJS' Subsidiary Donated RMB 2,000,000 to Local Red Cross

Hi MisterB,

do you have an explanationfor for Majestic's low gold sales price?
The quarterly financial report ended September 30 showed an average selling price per ounce of gold of $ 1280. The market price fluctuated between $ 1419 and $ 1552 during that quarter. Why can't Majestic get the market price for the gold it sells?

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