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. > Forward PE of 3

<< Previous

Bullboard Posts

Next >>

Post by Value2020on Nov 24, 2020 7:19am

829 Views

Post# 31958909

Forward PE of 3

MJS had a net income of a CLEAN 4.7M last quater. Projecting that over next the year, MJS will easily earn over 20M. With current market cap of little over 60M, MJS will earn their market cap in the next 3 year or sooner.

Most gold producer are trading of forward PE of 15 or higher. With china discount the PE should be at minimum of 10.

Share should be a minimum .20c.

<< Previous

Bullboard Posts

Next >>

Southern Ontario mineral processing operation receives green fund support