Majestic Gold Corp (MJS)

[MisterB]

Q Revenue was almost $6M ($5.55).
--------------
Just a brief review of FY2011 audited financials released tonight:

Annual Revenue: $11.2M. Doubled Revenue Quarter over Quarter, and year over year.
Q Revenue was almost $6M ($5.55).
Cash on hand was $14M at FY2011 end.

Revenue for first 9 months: $5.65M, as per below, so Q4 revenue was $5.55M.
Operating Revenue Q3: 2,537 Q2: 1,217 Q1: 1,900

Net loss is $10M, $5.5 of which is stock based compensation, 900k is write down of Sawayardun - which could/should still be paid to them. Overall, I am pleased as rev was over $5M...

They have cleaned up the balance sheet to allow for a very positive FY 2012, in my view.

Also, stockpiles of $2.6M carried over into 2012... we may we see this in Q1...

Q1 due out by the EO February should be very interesting...