George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Certainly looks promising for MTL with DB at the reigns. Think I’ll add some more next week. That’s an interesting link regarding the mining in Philippine, appears to be so much un tapped potential, is it likely we will see big players coming into the area?
This board is fantastic thanks all the info chaps, have a great weekend. Let’s hope the blue days keep coming our way :)
That's great. So still worthwhile investing here.
Regards
4 years LOM, 1.29g/t average gold recovery, 80k ounces per annum making $80 million annual income.
$5 million to close the current mine at Runruno.
Hope that helps
Hi
I haven't the time at the moment but will look later hopefully. What is the life of mine currently and the wind down and dismantling costs etc?
Cheers.
Yes, Darren Bowden has stated that the BOD are looking high grade, gold rich areas that can be mined on a small scale to ensure good cash flow during the period while the Runruno plant is dismantled and transported to the Abra tenement.
Are we looking at purchasing an already producing mine before Runruno?
My main concern with keeping my long term investment here is the timing of the overlap. 4 years can fly by in this sector as we all know
Interactive Investor video from few days ago featured MTL and Darren. Our part starts at 5:10
https://youtu.be/D7efXCQ8TnI?si=vwHKk8rdCpHzuudv
Morning
Yes, the gold price is helping massively and I would hope DB will not go on a 'spree' with all this cash like a lot of other AIM CEOs (I don't believe he will). It's apparent to me that we are staying in the Phillippines, at least for the majority of our assets, so measured M&A deals that leave MTL with less risk and more reward should be the way to go. A few speculations here and there is to be expected (exploration projects), but the majority of deals will/should be with previously explored areas and with companies that are already set up/listed.
With the debt covenants removed, the balance sheet of MTL will start creeping up and the cash at bank will start catching up to or market capitalisation within 18 months or so (if the price didn't adjust with the growth in earnings we are now seeing). If it turns out that we have to pay RHL their 'interest', it isn't an issue as it's $1.9 million so it won't affect the company in any way other than peeing off DB, Candy et al.
RHL may then find themselves excluded from any future deals, so it really is cutting off the nose to spite the face if they want to get involved with any future expansions etc. $1.9 million really is a drop in the ocean at the minute so the sooner that itch is scratched we can close the book and move on.
I'm hoping DB builds up a large cash position as security while looking at M&A deals. Junior mining companies have a habit of massively over extending and coming unstuck so it would be nice to see one break the mould. No need for debt, no need for dilution, Runruno can fund whatever it is we need, and Abra will hopefully start adding to the coffers in 2025.
All the best
Totally agree Mac, couldn’t have put it better.
Debt free at record high gold prices, the chains are off, we are now sprinting ahead and the cash is already being banked today at $1000 profit an ounce, and we all own our share of that cash, very happy days.
Not sure what happened there . Should read "mid to late April 2024."
Mikehr1991. Welcome . There is an update mid to late December which should set the SP on another upward trend, followed by a vote around MTL's expansion in June. Most if not all of the LTHs on here can see 5p easily, the more optimistic can see 10p and beyond. If MTL becomes both a gold and copper producer then who knows?
Fantastic to see the clearing of debt yesterday, ahead of what even the most optimistic of us thought would happen. As usual, price reaction to great news is slow and steady here, but it will come in the weeks and months ahead.
Key point is the clear illustration that Q1 will be a terrific quarter. We have paid down effectively $19.8m (net debt at 31.12.23) and will likely finish with a bit of cash from the last week's production, notwithstanding the Easter holiday period. At an average of say $950 (update Lee if your calculation is different), production should be north of 21k oz. Whilst that's not a record, our revenue will very likely be and if gold stays in the region it is today, we truly are entering the golden age for MTL.
For those of us who have taken the long journey, our time has come, and for the newcomers - welcome!
Mikehr1991…it’s hard to know where the share price can end up this year, it’s a fact we will produce 3p per share in free flow cash this year alone, tax on that 3p is an unknown as we should have tax losses from previous years that may offset taxation for a while, gold miners that produce have a price to earnings ratio of between 7 and 20 depending on size and risk, so it’s clear MTL has a lot of catching up as we are priced at 4.3p per share and average earnings of 3p per share.
We have 4 years remaining earnings from Runruno.
The Abra tenement and other aquisitions may light the touch paper when we have more detail on grades and quantities.
I can’t imagine a better place than MTL to have your cash invested.
It’s wonderrful watching this rise, only been in short term but already up over 50 percent.
Does anyone have a target for the sp? Just off charts it seems like around 8 could be a sticking point? Although maybe looking at the charts is worthless as MTL is in a totally different place and position then it was back then.
I’m here for the long term just curious what you more experienced MTL holders are thinking
I've come to terms with the fact that this is just one of those slow burner stocks that will fly under the Radar and be ignored by the wider market for a while. Then at no particular point and based on no new information, it'll just fly up and drag in a lot of new investors/punters and also some additional institutional money.
The Abra project is key now, if they get a Co-op up and running with the 'artisanal' miners in that neck of the woods, the knowledge they have will benefit MTL as they will be able to access very high grades with very little outlay. There's a lot of knowledge that's been passed down through generations so listening to those who live there will certainly help us all financially.
After generating cash from the low volume/high profit gold strikes, the copper infrastructure can be put in place and hopefully MTL can create a copper mine with a 10 + year economic mine life. Naturally, other projects will be bought into, and other companies could possibly be in the crosshairs of MTL so the future certainly looks promising (on paper).
Q1 results will give us a boost I think, once the factual numbers are out there, the PE ratio alone will make this look exactly what it is, CHEAP.
All the best
Always remember, cash in the bank is both the companies and the shareholders, the little slice each and everyone one of us own, Darren Bowden could split say $10 million in 3 months time between us all, he will have the cash to do that, it would certainly raise the share price too, but if we let him use that cash and buy us the machines to make that $10 million work, those machines make us $20 million and that $20 million gets spent and makes us $40 million etc etc.
The seeds planted now rather than later will make us all far richer in the mid term than most can possibly imaginable today, well done everyone.
Hello to all the long term holders who have held there nerve over these years.
Today is a fabulous day and MTL is still massively undervalued.
In our MR Bowden we trust and the future is MTL.
DYOR
CV