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.

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Post by richard45161on Sep 20, 2024 5:19am

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Post# 36232498

Production based on CP and SRK 24, 25 and 26

ever rising goldprice now over 2600 in shanhai: https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex

See my production overview based on the CP - Corporate Presentation and SRK - SRK report. I used an average of 2500 USD per ozs

- Q3 figutes end of Novemebr should bring around 9000 ozs produced.
- CP figures are lower than SRK because "low grade ore" is mixed in, which was not considered in the SRK report for 2025. Remember, SRK consulting is one of the leading and most respected companys when it comes to mining. The mix in is already extending the life of the mine over 2031. The drilling activity, which is expected to be done end of september and end of the year, will most likly discover more minable ressources, futher increasing life of mine and value of the open pit.

Next year, CP should be updated on what is expected for production in 2026. We have waited 3 years for the IPO.

NOW- Production will increase dramatically with an excellent gold price and industry leading low productions costs
NOW- MGM and shareholder majority have proofed that dividends will be paid out
NOW- excellent financials are defenetly able to support rising dividends each year from now and in the future

NOW- You can buy cheap for a 10% dividend yield with very likly, reasonable expectation that production will at least double in 2026 from the 34.000 ozs we will most likly have in 2024.

https://www.srk.com/en?gad_source=1&gclid=Cj0KCQjwurS3BhCGARIsADdUH53gUhT9yE-iaCMadm7vr4p3MBAeD3nyj1l2zbwQH8xUUUm3Yr8fyJ8aAtD0EALw_wcB

production guidance according to MJS presentation	ozs produced	ozs realized net smelting fees	ozs produced / realized factor	revenue	net earnings	net earnings MJS share 0,075	net earnings /revenue factor	goldprice
24- CP	34200	31122	0.91	74.692.800	20.465.827	14.428.408	0,274	2400
24- SRK	34286	31200	0.91	78.000.650	21.372.178	15.067.386	0,274	2500
25- CP	42736	38890	0.91	97.224.400	26.639.486	18.780.837	0,274	2500
25- SRK	68325	62176	0.91	155.439.375	42.590.389	30.026.224	0,274	2500
26 -SRK	145928	132794	0.91	331.986.200	90.964.219	64.129.774	0,274	2500