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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 Armitage45on Aug 17, 2023 4:35pm
94 Views
Post# 35593721

RE:RE:That's life

RE:RE:That's lifeI am not talking about a scam. I'm talking about the fact that we're dealing with a Chinese mining operator and a bunch of Chinese authorities and Chinese investors and so on. And I doubt that they all act in concert. If they were all pulling together we would have a higher SP. The key role imo plays Mr. Kong. And his interests are crucial. He is the main shareholder but also as far as I know mining operator.
I guess the company tries really hard to sell its asset either via the listing or a takeover, but maybe there are some people who think that there is a cheaper way to get these gold mines. 
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