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. > Website down

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Comment by Nklogixon Sep 12, 2023 9:46am

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Post# 35631193

RE:RE:RE:RE:RE:RE:Website down

i don't think people understand the concept of returns. Average S&P return is sub 10% over the last 100 years.

Any position giving you 20% ROI is buffett category but it doesn't happen in 1 quarter or 1 year. Mining outfits take time, sometimes 3-5 years and some even 10.

20% X 5 years = only 100%. MJS already did the 100% move once between 2022-2023 and now we wait for the next leg up after the retracement.

As i have said many times i am looking double or triple or maybe even 4X my investment and willing to wait a few years.

MJS has .08 CASH and that about what i paid for it. Just like everyone else i am waiting...

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