Dividend Time ComingAs poster previously, while paying for the SJ pit expansion and milling mostly low grade stockpiled ore from stripping activities , Majestic is still free cash flowing to the bottom line.
With production enroute to doubling, technological advances in grade control and ore separation reducing cash costs even further, Majestuc should be well positioned to pay a dividend in the second half of 2024.
Lets say 0.5 cents CAD split between July 2024 and January 2025.
It will cost $5 million or so in CAD per year but with a 2%. Yield the impact on the share price would be well worth it at $0.25 cad per share.
Everybody benefits in a dual manner....income and much higher share price.
Richard is correct in principle.
Majestic can make it correct by paying a dividend