Majestic Gold Corp. V.MJS

Benefits of HKEX

[nozzpack]

Valuations much higher than TSX..

Current P/ E is 34 times on HKEX..
Its just over 12 times

[richard45161]

Hi nozzpack, adding my thought on this as well. Please consider this as estimates structure pre IPO - 100% of the mine/asset is hold by  75% Yantai 25% Dahedong - 100% of Yantai is hold by Persistance - 100% of  Persistance is hold by 94% Majestic gold 6% Richard somewhat Through this structure, MJS holds 70,5% of the mine/asset structure post IPO - 100% of the mine/asset

[richard45161]

sources for: structure pre IPO Audited annual financial statements - English - page 31 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00006453 structure post IPO Majestic Announces Listing Application to HKEX for IPO of Subsidiary Sinogold Resources Holdings Group Co., LTD. structure post IPO https://stockhouse.com/news/press-releases/2022/03/30/majestic-announces

[nozzpack]

HKEX P/E as of May 2023 is 33.4.. https://companiesmarketcap.com/hong-kong-exchanges-and-clearing/pe-ratio/#:~:text=According%20to%20Hong%20Kong%20Exchanges,P%2FE%20ratio%20of%2045.8.

[nozzpack]

Price to earnings of TSX as of May 5 is 15.3 which is less than half of HKEX.. https://simplywall.st/markets/ca

[rbg3006]

With the small market volume of MJS one cannot exactly speak of a perfect market. But if it were, Toronto and Hong Kong prices would settle somewhere in the middle. I.e. a P/E ratio of around 23.