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

Post by Value2020on Jul 21, 2020 1:00pm

253 Views

Post# 31297029

2020 Projections

Assuming average of 7,000 oz per quater and all in cost are about $850oz with NO growth!

GOLD PRICE REVENUE COST PROFIT
Q1 $1500 10.5 M 6 M 4.5 M
Q2 $1700 11.9 M 6 M 5.9 M
Q3 $1800 12.6 M 6 M 6.6 M
Q4 $1800 12.6 M 6 M 6.6 M

FY 2020 profit should equal 23.6 million give it a multiple of 10 (China factor) with company should be worth around 236 million.

Current market cap is about 70 Million so minimum of 3 bagger in the near future!

Bullboard Posts

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