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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 richard45161on Jun 17, 2023 2:12am
120 Views
Post# 35501471

RE:RE:RE:Those who like it, will like it a lot

RE:RE:RE:Those who like it, will like it a lotgood morning,

the third owner of persistance will be the "new shareholders" of Persistance and therefore, MJS and Richards ownership in Persistance will dilute.

Richard Resource 4,5 %
MJS 70,5%
New Persistance Shareholder on HKEX 25%

equals to 100% of Persistance.

From there, Persistance is "free" to form new joint ventures with for the new mining assets. The "old" joint venture with dahedong will be untouched and it will still be part of the overall Financhial sheet. Only that the "net earnings per share" will be different, restructured to the new ownership of persistance.


The picture in the link here explains it a bit better:
https://www.ariva.de/forum/goldproduzent-mit-mehr-als-100000-unzen-2012-453021?page=350#jumppos8761

best 
richard
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