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Category: Junior: Small Producer
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Majestic Gold Corp
www: www.majesticgold.net     email: info@majesticgold.net

Profile
Notes
Forum
Wiki

Price Data

Symbol Date Price Change 52 Wk Range Volume
CVE:MJS 05/29/2015 CAD 0.050 0.000 0.090 - 0.030 313,003
OTCMKTS:MJGCF 05/28/2015 USD 0.0374 -0.0007 0.0600 - 0.0200 214
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Summary (from last analysis - 04/26/2015)

Majestic Gold is a small producer in China. They are currently producing 15,000 oz (their 75% share) and should reach full production of 75,000 oz (their share) in about 2 years (they need to resettle two villages). Their Song Jiagou flagship project in China could create high cash flow of more than $50 million annually (at higher gold prices). The capex for expansion is low at around $60 million. With a FD market cap of $25 million, they are selling for less than 1x future cash flow (at higher gold prices) once full production is reached. Thus, it does have upside potential.

They do not have a pipeline and they have extreme share dilution (870 million shares), which could keep investors away. Also, China is not considered a safe investment location for many investors. However, if they have some exploration success and can expand the resource to 3 million oz (75% = 2.25) and expand production to 125,000 oz (75% = 90,000 oz), that could boost this stock to potential 25 bagger territory. It's not an exciting stock, but it does have potential from that long cash flow stream.

General Details

Financial 04/26/2015
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $24.98M $34.93M 04/26/2015 $9.94M
Total Assets: $96.83M $96.83M 04/26/2015 $0.00M
Total Liabilities: $44.03M $44.03M 04/26/2015 $0.00M
Current Assets: $13.52M $13.52M 04/26/2015 $0.00M
Current Liabilities: $23.59M $23.59M 04/26/2015 $0.00M
Total Debt: $14.00M $14.00M 04/26/2015 $0.00M
Cash: $9.00M $9.00M 04/26/2015 $0.00M
Enterprise Value: $29.98M $39.93M 04/07/1971 $9.94M
Cash Flow: $-2.31M $-2.27M never $0.05M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to Cash Flow Ratio: n/a n/a never 0.00
Finance within 1 year: 04/26/2015 n/a
Misc 04/26/2015
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $0.029 $0.040 10:05 on 05/29/2015 $0.01
Shares Outstanding: 834,000,000 834,000,000 04/26/2015 0
Shares Fully Diluted: 870,000,000 870,000,000 04/26/2015 0
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 04/26/2015 n/a
Production (Gold Eq Oz.): (guess) 
15,000
(guess) 
15,000
04/26/2015 0
Production (Silver Eq Oz.): (guess) 
1,123,533
(guess) 
1,091,158
04/26/2015 -32,375
Initial CapEx (Outstanding): $60.00M
240.18% of Mkt.Cap
$60.00M
171.79% of Mkt.Cap
04/26/2015 $0.00M
Funding Option: n/a n/a 04/26/2015 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 04/26/2015 0.00%

Resource Data

GOLD 04/26/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 04/26/2015 0.00M
Measured & Indicated: 0.90M 0.90M 04/26/2015 0.00M
Inferred: 0.90M 0.90M 04/26/2015 0.00M
Reserves & Resources: 1.80M 1.80M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 04/26/2015 0.00M
Measured & Indicated: 0.61M 0.61M 04/26/2015 0.00M
Inferred: 0.38M 0.38M 04/26/2015 0.00M
Reserves & Resources: 0.99M 0.99M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
15,000oz.
(guess) 
15,000oz.
04/26/2015 0oz.
Cash Cost: $900 $900 04/26/2015 $0.00
Extra Operating Cost: $500 $500 04/26/2015 $0.00
Average Grade: 1.20 g/t 1.20 g/t 04/26/2015 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 04/26/2015 0.00%
F
U
T
U
R
E
Proven & Probable: 1.50M 1.50M 04/26/2015 0.00M
Annual Production: 50,000oz. 50,000oz. 04/26/2015 0oz.
Cash Cost: $800 $800 04/26/2015 $0
Extra Operating Cost: $400 $400 04/26/2015 $0
SILVER 04/26/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 04/26/2015 0.00M
Measured & Indicated: n/a n/a 04/26/2015 0.00M
Inferred: n/a n/a 04/26/2015 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 04/26/2015 0.00M
Measured & Indicated: n/a n/a 04/26/2015 0.00M
Inferred: n/a n/a 04/26/2015 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 04/26/2015 $0.00
Extra Operating Cost: n/a n/a 04/26/2015 $0.00
Average Grade: n/a n/a 04/26/2015 n/a
Recovery Rate: n/a n/a 04/26/2015 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 04/26/2015 0.00M
Annual Production: n/a n/a 04/26/2015 n/a
Cash Cost: n/a n/a 04/26/2015 n/a
Extra Operating Cost: n/a n/a 04/26/2015 n/a

Property

Last Analysis Data  (04/26/2015)
Stage Location Name Owned Type Gold Silver Notes
Production Muping County, China (PR) Song Jiaguo 75% Open Pit show
Currently producing 20,000 oz. PEA to increase that to 105,000. They will get 75%.
Current Data
Stage Location Name Owned Type Gold Silver Notes
Production Muping County, China (PR) Song Jiaguo 75% Open Pit show
Currently producing 20,000 oz. PEA to increase that to 105,000. They will get 75%.

Profitability (by resource)

Proven &
Probable
04/26/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
04/26/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.90M 0.90M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -1.94M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.61M 0.61M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -1.32M
Maximum Profit (Gold): $-94.37M $-92.42M n/a $1.95M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-94.37M $-92.42M n/a $1.95M
Max Profit / Current MCap: n/a n/a n/a 1.132
Max Profit Per Share (Gold): $-0.11 $-0.11 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.11 $-0.11 n/a $0.00
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $40.82 $57.07 n/a $16.25
FD Mkt. Cap / Silver Eq.: $0.54 $0.78 n/a $0.24
FD Mkt. Cap / Per Metal
as % Spot Price:
3.46% 4.82% n/a 1.36%

Reserves &
Resources
04/26/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.80M 1.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.89M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.99M 0.99M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.15M
Maximum Profit (Gold): $-153.35M $-150.18M n/a $3.17M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-153.35M $-150.18M n/a $3.17M
Max Profit / Current MCap: n/a n/a n/a 1.839
Max Profit Per Share (Gold): $-0.18 $-0.17 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.18 $-0.17 n/a $0.00
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $25.12 $35.12 n/a $10.00
FD Mkt. Cap / Silver Eq.: $0.34 $0.48 n/a $0.15
FD Mkt. Cap / Per Metal
as % Spot Price:
2.13% 2.97% n/a 0.84%

Future Valuation (Cash Flow & Totals)

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