Majestic Gold Corp. V.MJS

The Most important Question

[nozzpack]

Wne will we begin to see the forecast higher grades of the new mining benches contributing significantly to our gold production ?

[richard45161]

Prospect: https://www1.hkexnews.hk/app/sehk/2023/105923/documents/sehk23112201280.pdf Forecasted Sales revenue pdf page 734   Open Pit Millionen RMB   Underground mine Millionen RMB = Millionen RMB = Millionen US$ (23.11.2023) 2023   370 37 407 57,35

[Freddy1989Germa]

Hello Richard   As bitter as it sounds but often the board only thinks about their paycheck and wants to secure jobs .... they've pocketed the investors' money...   have the similar at MMY with 0 debt and production   it's frustrating to be honest, especially when you know that you are not to blame and have not made a mistake. 

[nozzpack]

Let's see how quickly this HKEX listing application proceeds, and if the former price expectations hold. Everything but those three questions must have been adequately absolved by now. If I recall correctly, they were in the process of responding before the most recent appl expired 

[nozzpack]

Just wanted to note that Richards post of future revenues is based on the price of gold monotonically decreasing from its 2023 6 month base of 421 rmb. It is currently 464 rmb which it has Approx averaged since August 2023. The forecast price is 406 rmb for 2024. Current futures at Shanghai is $2030 US per ounce So, we have a signifucant chance of hitting $60 million US in 2023 revenues..