Member Info for condor_forever

Have you broken even slim?

Https://youtu.be/_7pKl3TwdCQ?si=2QkQcxLtVrPi2VgX

Another recent video. There is an option to translate Spanish to English subtitles in YouTube.

Nice find. Great to see what's finally happening on site. There are 3 other producers in Nic, calibre (soon to be equinox) producing circa 250-275k, mineros producing circa 132k (80-90k of that is processing artisanal miners!) and mako, producing 40k. We'll be the 2nd largest producer in country.

It's an average over the quarter. Look at other companies for comparison over the same quarter. Mako average sale price over Q1 was $2898 V our $2661. Not sure if they sell as dore or refined.

Where are you getting the $1000 per Oz difference from?

Https://x.com/MTLexploration/status/1920472936428818434?t=1Ohaa-fM0psaWnFy3CpI8Q&s=19

As EL mentioned this morning, this has been a long time coming for ex-CNR holders. Nice to see some pictures on X of the ceremony.

Ha. I'll take you up on that offer Surrey. I'm very close to Manchester.

LMA, the other example only produced circa 10,000 Oz this quarter so not sure they would have their own refinery.

LMA, do you know if it's common for other companies to sell their gold fully refined? A recent Q1 of another company had a averaged realised gold sales of $2898 per ounce.

Lucky, happy to agree to disagree on this one. You can't value an upcoming permitted project at 0.

That's like saying any single mine project should be valued at 0 until it starts producing. Ridiculous statement.

Lucky, that made me laugh. Think you need to do your own research before you ask others to do their own research.

Great to see a good rise over the past few weeks. Remember, we are still very undervalued even with this recent rise.

Same market cap as mako mining, yet double their FCF and better prospects going forward. They need to raise money to fund their eagle mountain project in Guyana.

Chique, most recent I've seen is $122m USD. This was prior to the announcement of the 2nd hand plant purchase. I would say less than $122m. Main thing is that it will be paid for by our current free cash flow, no need to raise equity or have any debt.

Chique, production at La India is expected Q4 2026.

Nice explanation of the artisanal miners on la India at 1:05. Nic mining laws state artisanal miners can access 1% of any licence. There is a mandate in place that we can move them. They have had a good run so far accessing the main vein.

Sorry, got ahead of myself. FCF $97m for MTL, still, double that of mako.

Mako just released Q4 and 2024 numbers. Market cap £192m. Their FCF was $44m USD in 2024 and are trading at a FCF of 5.8.

Compare that to us, $197m USD last year, FCF of 1.16! So much room for improvement in the sp.

Just bought some more, mainly to round up my shares from the cnr conversion. Rounded up to 1.75m shares now. May try to get to 2m over the next year. Good luck everyone.

Great start to the week. Dummy sell 6.415p. I'd definitely be a dummy to sell 🙈

Rio2 announced financing and permits around October 2024 for their single asset in Chile.

Since then, their share price has risen roughly 50%. They have $150m financing, with around $120m debt. $100m of that is part of a gold prepay with Wheaton precious metals, whereby they have to pay with delivery of 95,000oz of gold over a roughly 8 year period. At $3,000oz gold, Wheaton get $285m for giving $100m to Rio!

Knowing we are self funding La India without any debt puts a big smile on my face!