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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.


TSXV:MJS - Post by User

Majestic Gold Corp. > The Most important Question
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Comment by nozzpackon Nov 25, 2023 7:50am
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Post# 35752606

RE:RE:The Most important Question

RE:RE:The Most important QuestionJust wanted to note that Richards post of future revenues is based on the price of gold monotonically decreasing from its 2023 6 month base of 421 rmb.

It is currently 464 rmb which it has Approx averaged since August 2023.

The forecast price is 406 rmb for 2024.

Current futures at Shanghai is $2030 US per ounce

So, we have a signifucant chance of hitting $60 million US in 2023 revenues..
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