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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 04, 2020 5:33pm
54 Views
Post# 31363867

RE:RE:Q2 Predection

RE:RE:Q2 PredectionI still remember going into office and logging in and seeing the KTV buyout, around .60c wasn't it. That was EPIC. Hope MJS gets a proper valuation soon, its so undervalued with gold at $2000.

I am using EBITDA since depreciation is a non cash item. They have already spent what they need to spend on the Mill, relocation of villages, now just adding a few vechiles nothing major.

Paying attention to CASH pile and debt going down. Majestic had to do something with the cash in next 2 quaters, can't trade at 2 times cash with a 20 year producing asset.
Bullboard Posts