- Mine License exptenedl for 10 years Till 2031.
- First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031. No Regional or Regularity Risk.
- Mine life till 2043 (21 Years more) so i more extension will be needed. History shows this will be routine.
- Governmental Safety Inspections completed in August 12, 2021. No remaining risk .
- Total cash costs are $654/ounce. Gold trading at $1755/ounce
Market Cap: 88.63 Million
Cash Position: 43.30 Million
Total Debt: 0 2022 Net Income: 11.30 Million The financial summary for 2 most recent quarters:
June 30, 2022
Revenue: $16,438,676
Net income (loss): $5,844,799
Income per share: 0.01
March 31, 2022
Revenue: $16,966,985
Net income (loss): $5,417,860
Income per share: 0.01
Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers
- Majestic first 6 months net income: 11.3 Million
- 12 Month projected Net Income: 23.0 Million
- 23 Million x 25 times multiple = 575 Million