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Majestic Gold Corp. MJGCF


Primary Symbol: V.MJS

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

Post by richard45161on Sep 13, 2024 1:28pm
141 Views
Post# 36222659

PRG half year report is published

PRG half year report is publishedhttps://www1.hkexnews.hk/listedco/listconews/sehk/2024/0913/2024091301434.pdf

i can gihly recommend the block function. There was nothing to learn in the past, only noise.

opinion
life is good. The group will most likly earn 20 milion net and MJS share is around 14 million in 2024. Dividends will come half year and full year and MJS will distribute around 0,014CAD/0,01USD  for the year 2024.

Business is stable and organic growth (results of the mine expansion) will most likly confirmed with Q3 figures end of november. Year end dividend for 2024 will be anounced with the anual results 2024 in march. 

My target shareprice is 0,25USD with a PE aorund 18 and and PB of around 2,4. With the dividend, the world startet to make sense again. 3 years of IPO F## up are behind us. life is good - dont get distracted by BS, baseless speculations what so ever. MJS and its share holder majority decided to use the exellent fundamentals to benefit shareholders. Busnisess will most likly able to support this from now on into the future

life is good
best
richard


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