Majestic Gold Corp (MJS)

[MisterB]

600 more Oz of Gold? News next week?

This is from Majestic's PDF that is posted on the Munich conference site. We must be in for some news this upcoming week in advance of the conference. Enough is enough with keeping investors in the dark now that the DD period is over as of Tuesday (Nov 1):
http://www.edelmetallmesse.com/upload/datenblatt//datenblatt_213.pdf
Majestic Gold Corp., traded on the TSX Venture Exchange (Symbol: MJS) and on the Frankfurt Stock Exchange (A0BK1D), is a junior gold producer with a significant La-
gerstätte of more than 3 million ounces of gold in China's Gold Belt of Shandong Province.The company has published in January 2011, one independent economic study in which the Company is an NPV of U.S. $ 525 million confirmed. The mine life is 22 years. In the first eightyears, an average gold output is forecast to nearly 150,000 ounces per year over the entiremine life of more than 100,000 ounces per year. The following calculation is based on a gold price of U.S. $ 973/Unze, at a 10% discount rate term and an IRR of 78.9 percent.
Highlights:
• Gold production of almost 150,000 ounces per year is planned for the first eight years • Noteon the Stock Exchange Hong Kong within the next 12 months
• Low production costs (U.S. $321/Unze)
• Growth potential through further the existing deposit
• Other adjacent areas below the existing deposit 600,000 ounces
• Excellent entry level through massive undervaluation


Management (excerpt)

Rod Husband, P. Geo, is CEO for over 20 years in the commodities business and has over 15 years in the management of listed resource companies operate. Majestic Gold for he has discovered and implemented these first deposit from exploration to production.
Mike Hibbitts - P. Geo, Director - VP Development and Exploration has more than 30 years experience in the ex-ploration, implementation and development of mines to production. To date he has acted upon the construction of sixteen mines-account, including the New Gold Inc., Northgate Ex-ploration Ltd., Royal Oak Mines and Noranda Mines.
Rudy Brauer - Director Has over 20 years of experience in international corporate finance and investment banking.


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