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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
Post by Value2020on Jul 30, 2020 9:02am
79 Views
Post# 31342335

Yesterday's Trade

Yesterday's Tradeanother 326K traded at .07c for a total investment of about $23,000. I think people are looking at the 52 week range of 3.5c to 7c and see a 52 week high.

In reality 3.5c was hit pre mine approval, that was BIG uncertainty. After the 10 year appoval of mining license and underground operating at full capacity, the risk is gold price.

Our All in Cost:  $819 
Gold pirce as of today: $1950+

Profit of $1131/oz

Production: 7000/oz per quater

8 million profit for Q3

This stock is such a bargin.  Let your friends and family know they will thank you.


Bullboard Posts