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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 nozzpackon Nov 17, 2022 10:32am
77 Views
Post# 35106672

RE:RE:HKEX listing gets us back on track

RE:RE:HKEX listing gets us back on trackThank you.
I do agree that the HK listing is not a slam dunk, but research shows a reason why the recent failure and why an early resumption  was approved.
I view this as very positive and expect this time to be successful .

Already work has been underway to elevate the tailings ponds and two of the four new mining benches have been completed .
Whether or not these new mining benches exposing the high grade ore can be mined , replacing  of the diminishing low grade ore, I cannot confirm but think that will be the case.

If this is the case, we shall see production beginning to increase perhaps a quarter or two from now...
 
I would rather have increasing cash flows diverted to  planned production growth rather than a dividend in the short term, if the dividend costs slow the new mine expansion plans


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