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

Comment by Value2020on Jul 31, 2020 1:58pm

75 Views

Post# 31351044

RE:RE:RE:Pushing won't help

Gold production: 6,878oz for Q1 2020.
My expectation was 7000oz ( based on last year Avg. 7000oz ) , We still have 3 Quaters to go to make up 122oz we were short in Q1.

My valuation stance as long the company produces/sells 28,000oz FY2020

Revenue : 28,000oz x $1800/oz = 50.4M
AISC: 28,000oz x $820/oz = 22.96M
EBITDA: 50.4M - 22.96M = 27.44M

Even if i go 10x EBITDA majestic is worth 270M about $0.26c per share. I ignored the 25M cash pile.

Numbers allways WIN at the end. A little promotion helps in getting word out.

My belief is i have found an underpriced asset i am will wait till its fully valued.

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