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. > up with a big volume

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Comment by Value2020on Nov 21, 2022 8:03am

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Post# 35114700

RE:up with a big volume

This too good of an asset for any smart money manager. Easy 150% upside since most of the private placement were done in the .15c area.

True value as of today is .25c - .35c. If we the mine is epxanded this is easily .50c in the next few years.

Cash on hand is 43 Million and adding 22-25 million every year to the kity. No real debt.

Whats's not to like?

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