New Fact Sheet shows mine plan forecasts, so Flinstone, you are right, this is new AND based on the new mine plan.  I guess a PR is forthcoming??? I would hope so.  Also, some new pics.

Interesting they use a 36 month comparison - tomorrow I am 35 months into this investment - and was lucky to build a million plus base at .04 before it took off to the teens.  In hindsight, I would have/should have traded this stock, rather than accumulate, trade a portion while holding the majority.

Baystock, Majestic has to show consolidated results and forecasts even in a JV. This is standard procedure even though they own a net of 70%.


36 month Performance:

  • Revised ownership 70.5% (Feb. 2010)
  • Raised $75 million - most recent $35.5 million (Jun. 2012)
  • Increased Market Cap. from 11 million to 150 million in 3 years
  • NI 43-101 Resource update (Apr. 2010)
  • PEA completed by Wardrop (Mar. 2011)
  • New 6,000 tpd mill (comissioned May 2011) - capacity increasedto 7,400 tpd
  • Outperformed Gold, TSX-V, DAX, DJI
  • NI 43-101 Compliant Resource Estimate used in Preparation of the PEA

Strategy for Growth

  • Production Optimization to 100,000 oz/year
  • Improve grade control
  • Upgrade assay lab
  • Conduct topographical survey
  • Expand mining scope
  • Expansion of Resource - would really like to see this.
  • Exploration drilling
  • Hong Kong Stock Exchange Listing - would really like to see this.
  • Obtain sponsorship
  • Complete fiscal year audit
  • Complete current technical report
  • Mergers and Acquisitions
  • Identify potential targets
  • Visit Target Sites