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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
Comment by Value2020on Aug 02, 2020 4:42pm
69 Views
Post# 31356052

RE:RE:My Shutdown Comment

RE:RE:My Shutdown CommentTotal 3 processing plants: License RENEWED til May 2031

1. 2000 tpd ( 3rd party )
2. 6000 tpd 
3. 1200 tpd

They can process upto 9200 tons per day of ore with a 10 year License and Gold at almost $2000. Compare this to avg. of 300,000 ton milled per quater.

9200 tpd operating @ 80% efficiency = 7360 ton per day  *** Runs at 95%+

6440 x 5 days per week = 36,800 tpw  *** They work 6 days per week over there

32,200 x 13 weeks = 478,400 Tons per quater

478,400 TPQ @ .60g/pt   *** With the undergroud mine this will be over .70g/pt

That's 10,000 oz per quater  *** Very conservative i am low balling it 

10K x $2000/oz = 20M Rev
Bullboard Posts