Majestic Gold Corp. V.MJS

Base Case

[Value2020]

Base Case NPV’s based on SRK’s 2013 In-Pit Indicated Resource only, within the original Mining License, containing 747,519 ozs Au @ 1.36 g/t Au

After-tax project NPV of USD$435M at a 10% discount, based on gold price of US$1,755/oz

This does NOT include the mine expansion and underground production. We are still trading at about USD$80M

[nozzpack]

Everything approved at the AGM including the important options package. They are still working their way through the HKEX submission, responding to questions and queries. As posted earlier, the HKEX is to raise funds via IPO to add inorganic growth via acquisitions of producing or very advanced gold projects in Shandong where MSJ is one of four producing golds in the Province with the right to

[richard45161]

So the only thing that was really achieved was the Stockoption plan / benefiting the Management. For us  share holders - again nothing. Maybe this delays and non communication is in plan for the management, so they can fill their pockets with cheap shares before they controll the value increase. This stock is undervalued for years. And it is a fact that the management has hindered the

[nozzpack]

As I said earlier, had the HKEX listing been announced prior to the AGM, the share price would have moved higher to the $0.25-0,30 price. This would have made the option prices much higher. Hence the delay in the announcement of the HKEX. With options now in the 9-10 cent range, and with SRK forecasting Q1/23 as when the new high grade ore to enter the mill, we are in good share to see the share

[Value2020]

Its true that the share price has lagged over the years but to say it has not done anything over the last 2-3 years is not accurate. Its gone up 30% to over 100% depending on the time of once purchase during this period.  Prospects have not been this good since i have been holding this stock.  Cash is piling up (6c to 7c per share in the kity) debt is gone. With higher grade Bench

[richard45161]

The Management handled operations really good on multiple instances. Iam talking about share holder value were there failed miserable. I adressed the following questions to James Mackie, but only got his "standart answere", that due to the HKEX application and so on. I mean, yes iam stupid because of course this 4 questions have everything to do with the HKEX application.  the

[Value2020]

Ok let try to answer your questions: the last 3 years:    - why was the share buyback programme 2020-2021 never implemented and why was there no communication from the management? This was the Covid year with too much uncertainty around everything. The cash hoard was not what it is today. They did pay down debt though   - why was the buyback programme 2021

[richard45161]

buyback 1 was actually 08.2019 - 08.2021 they never bought anything, months before covid case 1 and even more months till covid (01.2021) was a global pandemic. It was communicated the covid didnt impacted operations. cash base was solid mine closeure was 03.2021 till full production 08.21 https://stockhouse.com/news/press-releases/2019/08/15/majestic-announces-normal-course-issuer-bid buyback

[nozzpack]

Let's not forget that the Songi expansion is on schedule which SRK report predicts will produce a cash flow in 2023 of $118 million CAD or more than 4 times $25 million CAD in 2022..