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Bullboard - Stock Discussion Forum Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > Investment Thesis
View:
Post by Value2020 on Jan 14, 2021 8:05am

Investment Thesis

I got behind MJS seeing the growth for future in production after the license renewal and expansion. Production is increasing every quarter.

Nothing has changed other than the stock price going up to .08c and now at .055c. Company is still producing gold everyday. Gold price is holding. Q4 production should be up. This will be record year for PRODUCTION, REVENUE AND MOST IMPORTATNLY PROFIT.

MJS will have close to ZERO debt and about 20M in cash with growing production as of Q4 end and a 55M market cap. Soemthing has to give and it will

Catalyst can be the release of prisoners on both sides or HK listing or gold discovery in austrailia or a dividend or simply gets fairly valued.

Only question is when does the market see this, when it does we will be off to the races and my HOMERUN prediction will be true.
Comment by richard45161 on Jan 14, 2021 12:08pm
Fair value via Price Earnings Ratio (PER)?   I have check a number of Mining Stocks and their PER is around 15. The trend is that both PER and debt are decreasing in the sector over the years till now.   If we expect a profit of 20 million US dollars for 2020, this corresponds to a PER of 2 with 1 billion shares and a share price of 0,04 US dollars.   let's estimate ...more  
Comment by Value2020 on Jan 14, 2021 8:41pm
Richard welcome aboard... I have mainted these numbers since i started my position in MJS for the second time after their license got approved. I did make decent cash from the previous run to .12c years ago. Even wih China discount PER 10 = 0,20$ per share Fair Vaue PER 12 = 0,24$ per share HK Listing PER 15 = 0,30$ per share
Comment by richard45161 on Jan 15, 2021 7:45am
hi value,   I appreciate your information and the effort you put in. If you still need voting rights for a shareholders' meeting - you hereby have my voting rights. best Richard
Comment by Value2020 on Jan 17, 2021 8:14am
I am trying to make a group with atleast 5% ownership. So far i am up 8 million in group of 6 people. Will add your number to this total. Please let me know if any other shareholders want to join so we can have voice to ask questions.  
Comment by mlamb1 on Jan 17, 2021 4:39pm
I have 80.000 shares MJGCF Ive had for 15 years
Comment by Sikong on Jan 19, 2021 11:07pm
I'll need to aquire more in order to join your million share club :) Thanks for doing that and I definitely support your efforts to press the company to be more transparent.
Comment by Infotech on Feb 09, 2021 12:35pm
I have 215 000 shares of MJS
Comment by Value2020 on Feb 09, 2021 5:44pm
Q4 and Dwon under results coming soon. Hoping we don't have to agitate, but remain ready.
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