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

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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

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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.

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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

happy weekend
Richard

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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!

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