Majestic Gold Corp (MJS)

[MisterB]

Q1 Released - great results:

...and they are very positive - at the high range of my $6.2-$6.7 revenue estimate.

Revenue 6.7M
Operating profit of 1.3m (I believe this is the first quarter with Operating profit
Cash down 6M (which was a question before, but we now see why - which was assumed)
Mill ownership up to $20m from $12M - Great to have this being paid back and being added to MJS's Balance sheet, increasing it's NAV
Inventory at $3.5m (unsold gold concentrate)
Year over year Operating profit swing of $2.2M
Net loss - $250k - so with this, I believe Majestic will be profitable next quarter.

Just a high-level synopsis. Overall, these exceeded my expectations. I just hope management has the ability to properly and effectively market and promote this to the greater investment community.

A PR via a proper newswire better be forthcoming, and with these results, I see no reason why it wouldn't be coming next week...

Majestic is on a great trajectory and i am pretty excited to see what type of gold production we have for this current Q2 quarter ending today. Things are getting exciting in MJS land.



B