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 Sep 01, 2020 6:02pm

166 Views

Post# 31491167

Q2 Analysis

June/19 June/20
Revenue 7.00 M   13.20 M up 88%

Gold Sold 5,300 oz 8,298 oz up 56%

Avg. Price $1,307 $1,587 *up 21%

AISC $771 $670 *down 15%

EBITDA 2.8 M 7.7 M up 275%

Produced 6,803 9,034 up 33%

Grade .67 .66 *down 1%

CASH 23M 23M

* Paid 3 million in debt
* spent 15.6 million on purchase of property, plant and equipment for Q1 & Q2, showing up in increased production

BUY BUY BUY.

Bullboard Posts

E3 inches closer to Alberta's first lithium production plant