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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

Comment by Brakishon Sep 18, 2024 3:08pm
72 Views
Post# 36229599

RE:RE:RE:Quick DCF for MJS

RE:RE:RE:Quick DCF for MJS

The introduction of a dividend is a positive step, but a clear long-term dividend policy would further increase investor confidence for sure.

The remaining big risk for me is the potential acquisitions and the risk of overpayment, which could decrease cash reserves without adequate return on investment... I think this is a valid consideration, especially given the company's history with the listing. Do we have more information on the target or something?

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