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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

Post by Value2020on Dec 17, 2022 11:34am
184 Views
Post# 35177599

Tomato Tamato

Tomato Tamato

I know that regardless of HKEX timing, MJS will add minimum .03c/share CASH to the already .07c cash sitting on the balance sheet. THAT’S MINIMUM 100 Million CAD CASH and possibly 150 MILLION with grade improvement and or Gold price appreciating.


Either way we will have something concentre on HKEX by Q4 financials or as i was anticipating before January 22, 2023. I have patience and will wait till end of 2023 for my thesis to pan out and get my HOMERUN. 
 

I am confident that with the Bench #1 mining is starting in very near future the cash flow numbers are going to explode higher.   

 

Again whats not to like with MJS???  

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