Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 auburn2on Jul 19, 2024 3:49pm
97 Views
Post# 36140557

RE:RE:technical report SRK for fundamentals

RE:RE:technical report SRK for fundamentalsGrade mined in the report is way above what the presentation and MD&A says.

"Phase 2 of the SJG Open-Pit Mine expansion program is in progress with the completion of benches at levels +117m ASL, +105m ASL, +93m ASL and +81m ASL and with current expansion work focused on the completion of the benches at +69m ASL and +57m ASL in FY2024, followed by the completion of the +45m ASL bench in early FY2025 to complete the Phase 2 expansion work. Mining operations occurring in the open-pit during FY2024 and FY2025 will be conducted at levels between +69m ASL and down to -3m ASL, with forecasted tonnage of 1,900kt at an average grade of 0.53 g/t and 2,207kt at an average grade of 0.88 g/t for the respective years. During both years, ore through-put will be blended with lower grade material recovered during the expansion work."

The reserves are done at 1.17 g/t Au. That's what economic analysis is done at as well.

I don't like seeing the actual numbers so far below the economics in the tech report. Any thoughts? You are a bag holder of many years?

<< Previous
Bullboard Posts
Next >>