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.

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Majestic Gold Corp. > unclear how much cash is left wit MJS

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Comment by Freddy1989Germaon Aug 20, 2023 2:08pm

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Post# 35597009

RE:RE:unclear how much cash is left wit MJS

Here in Germany, the company is also viewed very critically.

When is the company supposed to reach its 100,000 ounces or double production?

And how many cash reserves does the company still have?

The company is active in China, which is not exactly trustworthy, and has probably led investors around by the nose.

There has often been talk of a "takeover" here, but so far nothing has happened.

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