Majestic Gold Corp (MJS)

[MisterB]

Hi Kenjays,

I can easily see this stock doubling by the end of year should financing be announced ($40M or more, and good terms or conversion rate, depending on the financing structure. Financing would allow Majestic to transfer the $50M title of the new mill to their balance sheet in full, rather than the stepped accounting approach that they are using now (because they are paying for the mill from their net profits/current cash on hand).

I'd rather be conservative in my estimate to manage my expectations. But, if this thing catches fire with 1) New Resource estimate 2) Large Financing 3) Full Mill production and outlook of 100,000 oz per year or more of gold production (Made public), then we could see much much higher.

Overall, I believe we will be at .40 by YE (Conservatively), and into the $1.00 range in 2012. That is certainly enough incentive for investors to hold this stock. The best is yet to come, but patience is required.

In this case, it will be a "good things come to those who wait" situation....

Cheers,

B