Majestic Gold Corp. MJGCF

Primary Symbol: V.MJS

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. > Quick DCF for MJS

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Comment by richard45161on Sep 17, 2024 5:01pm

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Post# 36227886

RE:RE:Quick DCF for MJS

simplywallstreet comes to a similar result: https://simplywall.st/stocks/ca/materials/tsxv-mjs/majestic-gold-shares/valuation

in my opinion, i expect a much higher growth rate till end of 2026 which will result in a much greater DCF valuation.

Production without any new mining acquisitions

- Q3 and Q4 2024 should bring 9000 ozs produced

- 2025 should bring 10750 ozs each quarter (SRK and Production guidance in corporate presentation)

- 2026 till 2031 should bring 21000 ozs each quarter (SRK report)

corporate presentation page 11
https://majesticgold.com/site/assets/files/4092/20240524-mjs-corporate-presentation.pdf

SRK report pdf. page 89
https://majesticgold.com/site/assets/files/4515/srk-report-on-songjiagou-gold-project-to-majestic-gold.pdf

Production goal for 2024 of 34.200 ozs was confirmed ny MGM and we should see with the Q3 figures end of November.

Life of Mine is already extended, du to the current mix-in of "waste ore", from the 2031 in the SRK report. Current drilling programm, 1 batch done end of September and 2 batch done end of 2024 to confirm further mineable ressources in the current open pit, to extend the Life if Mine further.

I am as busslish as never before. I hope i am presenting my reasoning in a comprehensive way :) You can always be right out of the wrong reasons and vise versa. Always happy to have resonable/valueable feedback - others i just block :)

MJS MGM should do advertisement more strongly before sep. 27 and also to promote possible good Q3 figures and with them, possible first results of the drilling activities.

MJS MGM should also invest like 1-2 million USD in share buy back and should also start to hand out around 10% of the bought back amount back to MGM as inventive.

MJS MGM should clarify on their dividend strategy. I am convinced PRG will pay out 2 dividends each year and MJS MGM should assure they will do this as well.

best
richard

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