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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

Comment by Sharegar777on Apr 15, 2021 7:19pm
178 Views
Post# 33008223

RE:RE:RE:How???

RE:RE:RE:How???
  It is just a matter of time before Majestic gets the attention it deserves.
I have been watching on the sidelines for quite a while. Decided to get on board a couple of days ago at 5.5c. Let us see how good my timing is.

   Cash will build up quickly. Assets on the book are worth plenty and Gold grade has been increasing as well.
It is a good time to accumulate shares sit back and when the re-rate happens it could be swift as is often the case.
 I am not bothered about a dividend. I would prefer a share buy back or further development of the mine assuming it is value generating.
 Once we have a few more quarters of cash generation I would not mind the addition of another project that can be advanced organically.
 A bit of blue sky potential is always an attraction for certain brands of investors.
 
GLA Sharegar.
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