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Bullboard - Stock Discussion Forum Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > Production based on CP and SRK 24, 25 and 26
View:
Post by richard45161 on Sep 20, 2024 5:24am

Production based on CP and SRK 24, 25 and 26


ever rising goldprice now over 2600 in shanhai: https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex

See my production overview based on the CP - Corporate Presentation and SRK - SRK report. I used an average of 2500 USD per ozs

- Q3 figutes end of Novemebr  should bring around 9000 ozs produced. 
- CP figures are lower than SRK because "low grade ore" is mixed in, which was not considered in the SRK report for 2025. Remember, SRK consulting is one of the leading and most respected companys when it comes to mining. The mix in is already extending the life of the mine over 2031. The drilling activity, which is expected to be done end of september and end of the year, will most likly discover more minable ressources, futher increasing life of mine and value of the open pit. 

Next year, CP should be updated on what is expected for production in 2026. We have waited 3 years for the IPO. 

NOW- Production will increase dramatically with an excellent gold price and industry leading low productions costs
NOW- MGM and shareholder majority have proofed that dividends will be paid out
NOW- excellent financials are defenetly able to support rising dividends each year from now and in the future

NOW- You can buy cheap for a 10% dividend yield with very likly, reasonable expectation that production will at least double in 2026 from the 34.000 ozs we will most likly have in 2024. 

User image

https://www.srk.com/en?gad_source=1&gclid=Cj0KCQjwurS3BhCGARIsADdUH53gUhT9yE-iaCMadm7vr4p3MBAeD3nyj1l2zbwQH8xUUUm3Yr8fyJ8aAtD0EALw_wcB

corporate presentation page 11
https://majesticgold.com/site/assets/files/4092/20240524-mjs-corporate-presentation.pdf

SRK report pdf. page 89
https://majesticgold.com/site/assets/files/4515/srk-report-on-songjiagou-gold-project-to-majestic-gold.pdf

h
appy weekend
Richard
Comment by Armitage45 on Sep 20, 2024 7:28am
Halleluja! You all will get rich very soon! As it's written in ancient books of SRK! Halleluja! Buy now and get the divine dividend for free! The majestic Lord himself will open his holy treasure box, just sign in for your personal shares, risk free with maximum return! Only one week left! Don't miss it baby!
Comment by richard45161 on Sep 20, 2024 7:51am
ahhh delicious :)  welcome back 
Comment by richard45161 on Sep 24, 2024 1:44pm
The fact that the volume following the dividend announcement did not lead to a significant increase in the share price is remarkable. If you look at the volume of the last 5 years, historically significantly lower volume has led to rising share prices. Hardly this time. Why? I don't know, there is once again completely wild and unfounded speculation. If anyone has anything substantive, I'd ...more  
Comment by richard45161 on Sep 25, 2024 4:28am
I really can't understand the reluctance :)   Production will very probably increase significantly. The gold price is very unlikely to fall significantly so that MJS will earn very well in 2024 and 2025. In 2026 and 2027 production will probably increase extremely. It is unlikely that the new acquisitions will reduce the cash reserves/cash flow to such an extent that dividends can no ...more  
Comment by Freddy1989Germa on Sep 26, 2024 4:57am
The price of gold will probably not fall very much - let's see whether we will significantly exceed the 3000 dollar mark this year or in 2025.
Comment by richard45161 on Sep 26, 2024 6:21am
really look on the production forcast for corporate presentation and SRK report. SIgnificant production increase for 2025 and extrem production increase for 2026. At the end its always a game of probabilities very likely - 34.200 ozs for 2024 with 9.000 ozs for Q3/4 - 42.000 ozs for 2025 with 10.000 ozs each quarter - 70.000 ozs (SRK 25) - 140.000 ozs (SRK26) for 2026 right now, waste rock ...more  
Comment by richard45161 on Sep 30, 2024 7:05am
hello,   I have once again created colorful figures for the production/evaluation.   Timeline:   - Q3 end of November 2024 - confirmation of production of 9000 ozs and thus probable confirmation of total production of 34,200 ozs for 2024. Is probable because the production estimate for 2024 was renewed with the Q2 figures 31.08 and Q3 was already 2 months old at that ...more  
Comment by richard45161 on Sep 30, 2024 12:56pm
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