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. > technical report SRK for fundamentals

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Comment by richard45161on Jul 20, 2024 3:41am

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Post# 36140991

RE:RE:RE:RE:RE:technical report SRK for fundamentals

"During both years, ore through-put will be blended with lower grade material recovered during the expansion work." Exactly, so why are you boasting of revenue doubling in 2025 when you know full well most of the grade is projected to be around 0.5 g/t Au still in 2025? Latest MD&A says"

Easy tiger, dont forget that iam not responsible for the MGM or the company! I am presenting information i found interessting and i always try to present it in the most transparent and open way.

Post by richard45161on Jul 19, 2024 7:20am
https://stockhouse.com/companies/bullboard/v.mjs/majestic-gold-corp?postid=36139614

SRK report, which is interesting because its shows the potential of the mine and is based on the latest mineral "SRK’s 2023 Technical Report updated resource as of June 30, 2023, based on a database of 20,836 sample" - please see here https://majesticgold.com/site/assets/files/4092/20240524-mjs-corporate-presentation.pdf page 18

Comment by richard45161on Jul 19, 2024 10:07am
https://stockhouse.com/companies/bullboard/v.mjs/majestic-gold-corp?postid=36139881

ONLY 2 1/2 hours later i compared the figures in the SRK to the Production guidline, again in a very transparent and non biased way

So please, hold your horses when you adress me and show a little bit of respect for the work i put in here. I am not the MGM. I am presenting what i find interessting and iam not short of pointing out flaws

1. Mine expansion work is very much behind schedule. MGM disclosed this piece by piece in the Financials for the years 2021 till end of 2023

2. it is good that we have now at least a little bit of clarity about production 2024 and 2025

3. Production goal was missed for Q1 2024. This means nothing in the greater picture but maybe indicates a trend? We need to wait for Q2 2024 / more data to see how head grade is devoleping

4. Mineral reserves is based on an extensive scientific independed analysis by an well know company. https://www.srk.com/. As long as you have nothing to show for, iam going to believe what the report is saying

5. SRK shows enourmes potential for production. MGM is persistent in missing potential and not delivering on time

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