Majestic Gold Corp. V.MJS

Is 4.2 cents CAD per share a reasonable IPO Price ?

[nozzpack]

This Phase 2 expansion of the SJ open pit mine, transiting to include   mining operations below the pit in 2024 ( underground ) has a discounted value of 3300 m  yuan.

At 7 yuan to the USD, the discounted NPV value is $450 million US which is $ 575  million cad.

Persistence owns 75% of this discounted net asset value  which is about $425  million CAD.

Thats 4.2 cents per Persistence share .

Majestic owns 9.4 billion Persistence shares .

Its extremely unfair and deceitful of Richard to claim that there is no causal relationship between Majestic shares and Persistence shares.

Persistence holds Majestic assets which are currently valued at the market cap of Majestic which is about $100 million cad.

To state that Persistence can increase in value by over 4 times while it's   assets are the assets of Majestic while Majestics share price remains unchanged is insincere at best.

Further, the acquired assets will be jointly owned by Majestic as the foreign partner in the JV deal which could add tens of thousands of ounces of gold to Majestics production .

[richard45161]

There is a differnence between causality and correlation. The assets of MJS (Partly definded by persistance) should correlate with the marketcap of MJS Since MJS and Persistance will be traded on different Exchanges and Chinese will not be able to buy MJS shares on tmx. There is factually no causality between the share price of persistance to the share price of MJS. You can feel that would be

[nozzpack]

" There is factually no causality between the share price of persistance to the share price of MJS." Richard, Majestic will still own 9.4 b of Persistence 12.5 b shares upon HKEX listing of Persistence. So, as the value of Persistence changes upon listing on HKEX .......putatively a gain of nearly a factor of 4 by my calculations ....so will the asset value of our 9.4 b shares .

[richard45161]

Morning..... There is no direct causality between the shareprice of persistance and MJS. There is no direct causality between the asset sheet of persistance/MJs and the shareprice. Periode. I do t understand why you will not accept this. If MJS will sell parts (current IPO) or all of persistance, the shareholder majority must agree. This is what must happen now, where we don't know if they

[nozzpack]

Majestic will have 9.4 billion shares of Peristence listed on the HKEX. HKEX is open to foreigners holding and trading in HK stocks . Opportunities exist to sell Its Persistence stocks under certain approved restrictions  In it's financial reporting, those Persistence equities will be listed as assets with the current value along with the investment gains and losses included in majestic