Majestic Gold Corp. V.MJS

HKEX listing gets us back on track

[nozzpack]

Some old timers here will remember that the 2013 Feasability forecast was that total  gold production for the Song Jiagou property was projected to be 2.32 million ounces at an average of 105,645 ounces per year during a mine life of 22 years.

My calculations based on  the  expansion parameters contained and interpreted from the HKEX listing info is totally consistent with that forecast.

Given that average production since 2013 is only a fraction of 105,000 ounces per year, roughly speaking , we still have at least 17 years or more of very low cost production remaining within currentky defined gold resources .

But, exploration potential remains substantial to say nothing of the higher grade basement gold lodes barely scratched by the 7500 ounce per year underground mine .
Note that these basement source rocks can extend to 1000 m or more while the current UG mine is only at 160 m at just the tip of the basement gold source rock..

[richard45161]

HKEX listing is a big BLACKBOX. Your estimations are reasonable, but it will take time to unfold and the future is uncertain. What is clear, management failed several times and didnt care for share holder value. They have to proove that this will change.  I say, without a dividend, nothing will change for us shareholders. Only more time to wait and uncertainty.  I want to

[nozzpack]

Thank you. I do agree that the HK listing is not a slam dunk, but research shows a reason why the recent failure and why an early resumption  was approved. I view this as very positive and expect this time to be successful . Already work has been underway to elevate the tailings ponds and two of the four new mining benches have been completed . Whether or not these new mining benches

[Value2020]

Have a look at this math.... Market Cap - Cash + Cash from operation for coming 12 months assuming ($1700 gold) We should have more cash than the market cap of MJS today.  Why can't we develop the mine with cash from operations? OR Keep going slow and steady Just reverse split 20:1 = approx 50 million shcares Pay $0.05/quater dividend ( about 14% ) Cost per quater 2.5 Mil, Anually 10

[nozzpack]

You miss the point that we need to convert more gold resources to mineable, as we only have 1.3 years left and those grades are very low. To do so, stripping of over burden  must be done,  drilling must be done, new mining benches need to be configured , tailing ponds need to be enlarged and, thank  God, mill capacity will be increased to 3.3 mtpa, which will get us over 100,000

[Value2020]

How are you coming to 500 Mil USD sale price? I am going to start a seperate thread for Valuation.  I have revewing every quarterly statement and reporting progress. So far only if the management kept their word regarding buyback the stock price would have leaped higher. Its not a compnay issue, its mis-trust of management issue.  This is broken stock not a broken company.  Its