Post by
richard45161 on May 29, 2024 6:24am
updated corporate presentation
MJS has updated its corporate presentation with the Q1 results. I highly valued the (this is how low the bar is with the MGM) existence of it.
https://majesticgold.com/investors/presentations/
Q1 and Production guidance for 2024
The production guidance for 2024 is 34,195 oz’s which would mean around 8550 oz’s per quarter.
The Q1 2024 production was only 7942 and only around 100 oz’s was due to the lack of explosives.
The Q1 Head grade (Au g/t) was 0.53 and the Head grade (Au g/t) in the production guidance is 0.63, which is in my opinion the reason for the production miss.
The corporate presentation was updated in april 2024 with the knowing of the lower current head grade and the production guidance was not updated.
WHY?
Is MGM of conviction that a higher head grade in Q2-Q4 will make up for the production miss in Q1? Or will this just another fail in a long list of missed milestones/timeframes that MGM can show for?
before the mentally narrow-minded come again, who are not able to understand a reality with facets, other than black and white.
It is very bad that mgm may not be able achieve self comunicated milestones/timeframes again. This really needs to change. We deserve a professional mgm. But the the difference would be not very decisive
production options 2024
4x7000 oz’s = 28.000 oz’s
average gold price = 2350 USD/oz
65.8 millionen revenue, 17.77 millionen net profit (0,27), 12.525 millionen MJS share (0,705)
net profit share MJS = 12.525.000
4x8550 oz’s = 34.195 oz’s
average gold price = 2350 USD/oz
80 millionen revenue, 21,5 millionen net profit (0,27), 15 millionen MJS share (0,705)
net profit share MJS = 15.000.000
It is really important that MGM will comunicate how we will benefit from the last 3 year, from the IPO of PRG and from future activities of the company. What i demand, i layed down many times before. The fundamentals to support this would be there in any case.
hope his was helpfull
best
Richard