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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
Wiki

Price Data

Symbol Date Price Change 52 Wk Range Volume
CVE:MJS 11/27/2014 CAD 0.03 0.00 0.12 - 0.03 235,324
OTCMKTS:MJGCF 11/21/2014 warning USD 0.0370 0.0150 0.0900 - 0.0200 1,830
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Summary (from last analysis - 04/27/2014)

Majestic Gold is a small producer in China. They are currently producing 20,000 oz (they get 75%) and should reach full production of 105,000 oz in about 18 months. Their Song Jiagou flagship project in China is supposed to be a low cost mine with high cash flow of more than $75 million for 22 years (at higher gold prices). The capex for expansion is very low at around $50 million. With a FD market cap of $85 million, they are selling for about 1x cash flow once full production is reached. Thus, it does have upside potential.

They do not have a pipeline and they have extreme share dilution (1.1 billion shares), which could keep investors away. Also, the location of China is not considered a safe investment location for many investors. However, if they have some exploration success and can expand the resource beyond 3 million oz (75% = 2.25) and expand production to 150,000 oz (75% = 110,000 oz), that could easily boost this stock to 5 bagger territory. It's not an exciting stock, but it does have potential from that very long cash flow stream.

General Details

Financial 04/27/2014
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $84.69M $28.89M 04/27/2014 $-55.80M
Total Assets: $87.61M $99.28M 06/30/2014 $11.67M
Total Liabilities: $15.27M $42.25M 06/30/2014 $26.98M
Current Assets: $30.15M $15.43M 06/30/2014 $-14.72M
Current Liabilities: $11.58M $20.45M 06/30/2014 $8.87M
Total Debt: $23.00M $14.08M 06/30/2014 $-8.92M
Cash: $12.00M $12.48M 06/30/2014 $0.48M
Cash Flow: $-1.02M $-2.43M never $-1.42M
Cash Flow Multiple: 0.00 0.00 never 0.00
Finance within 1 year: 04/27/2014 n/a
Misc 04/27/2014
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $0.077 $0.026 15:11 on 11/27/2014 $-0.05
Shares Outstanding: 840,000,000 839,770,000 06/30/2014 -230,000
Shares Fully Diluted: 1,100,000,000 1,100,000,000 04/27/2014 0
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 04/27/2014 n/a
Production (Gold Eq Oz.): (guess) 
15,000
(guess) 
15,000
04/27/2014 0
Production (Silver Eq Oz.): (guess) 
993,270
(guess) 
1,132,718
04/27/2014 139,448
Initial CapEx (Outstanding): $64.00M
75.57% of Mkt.Cap
$64.00M
221.5% of Mkt.Cap
04/27/2014 $0.00M
Funding Option: n/a n/a 04/27/2014 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 04/27/2014 0.00%

Resource Data

GOLD 04/27/2014
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 04/27/2014 0.00M
Measured & Indicated: 0.95M 0.95M 04/27/2014 0.00M
Inferred: 1.30M 1.30M 04/27/2014 0.00M
Reserves & Resources: 2.25M 2.25M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 04/27/2014 0.00M
Measured & Indicated: 0.65M 0.65M 04/27/2014 0.00M
Inferred: 0.55M 0.55M 04/27/2014 0.00M
Reserves & Resources: 1.20M 1.20M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
15,000oz.
(guess) 
15,000oz.
04/27/2014 0oz.
Cash Cost: $900 $900 04/27/2014 $0.00
Extra Operating Cost: $500 $500 04/27/2014 $0.00
Average Grade: 1.20 g/t 1.20 g/t 04/27/2014 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 04/27/2014 0.00%
F
U
T
U
R
E
Proven & Probable: 1.50M 1.50M 04/27/2014 0.00M
Annual Production: 75,000oz. 75,000oz. 04/27/2014 0oz.
Cash Cost: $800 $800 04/27/2014 $0
Extra Operating Cost: $400 $400 04/27/2014 $0
SILVER 04/27/2014
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 04/27/2014 0.00M
Measured & Indicated: n/a n/a 04/27/2014 0.00M
Inferred: n/a n/a 04/27/2014 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 04/27/2014 0.00M
Measured & Indicated: n/a n/a 04/27/2014 0.00M
Inferred: n/a n/a 04/27/2014 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 04/27/2014 $0.00
Extra Operating Cost: n/a n/a 04/27/2014 $0.00
Average Grade: n/a n/a 04/27/2014 n/a
Recovery Rate: n/a n/a 04/27/2014 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 04/27/2014 0.00M
Annual Production: n/a n/a 04/27/2014 n/a
Cash Cost: n/a n/a 04/27/2014 n/a
Extra Operating Cost: n/a n/a 04/27/2014 n/a

Property

Last Analysis Data  (04/27/2014)
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
04/27/2014
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
04/27/2014
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.): 0.95M 0.95M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 8.83M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.65M 0.65M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 6.01M
Maximum Profit (Gold): $-43.79M $-104.82M n/a $-61.03M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-43.79M $-104.82M n/a $-61.03M
Max Profit / Current MCap: n/a n/a n/a -3.111
Max Profit Per Share (Gold): $-0.04 $-0.10 n/a $-0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.04 $-0.10 n/a $-0.06
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $131.10 $44.73 n/a $-86.37
FD Mkt. Cap / Silver Eq.: $1.98 $0.59 n/a $-1.39
FD Mkt. Cap / Per Metal
as % Spot Price:
10.06% 3.83% n/a -6.23%

Reserves &
Resources
04/27/2014
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.): 2.25M 2.25M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 20.92M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.20M 1.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 11.14M
Maximum Profit (Gold): $-81.24M $-194.46M n/a $-113.22M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-81.24M $-194.46M n/a $-113.22M
Max Profit / Current MCap: n/a n/a n/a -5.771
Max Profit Per Share (Gold): $-0.07 $-0.18 n/a $-0.10
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.07 $-0.18 n/a $-0.10
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $70.67 $24.11 n/a $-46.56
FD Mkt. Cap / Silver Eq.: $1.07 $0.32 n/a $-0.75
FD Mkt. Cap / Per Metal
as % Spot Price:
5.42% 2.06% n/a -3.36%

Future Valuation (Cash Flow & Totals)

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