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 31, 2020 7:57am

97 Views

Post# 31348318

FACT's AGAIN

Market Cap: 73M

Cash on hand: 25M+

Prepaid Expense UP, meaning they already paid for thing they use in future

Cash growing every quater.

Gold price: $1950+
AISC (costs): $819/oz (Q1 numbers)

Profit: $1131/oz

Underground mine COMPLETE and procuding at FULL lincense CAPACITY.

Bullboard Posts

E3 inches closer to Alberta's first lithium production plant