Member Info for condor_forever

This asset sale is in relation to one of their other projects in Namibia.

Part of the course unfortunately Surrey. At least we've not needed to dilute the share price at these low levels. That would annoy me more.

Simms, forever living in a dream world.

I keep crunching numbers that could be miles off regarding what price the future dividends could be. Let's say the shareprice is around 30p once la India is in full swing, a 5% yield would be 1.5p. Let's say there will still be 3bn shares, that's about $60m cost to the company if they pay out 1.5p per annum. Free cash flow of 100,000oz a year with $3,300 margin would give us $330,000m, minus $60m leaves us $270m per annum. Could be miles off but I think dividends could be decent given the amount held by the board/drachs/candy. 1.5p per share would give me £45k per year which would be amazing.

I wrote this a while ago in my notes page. Since then, I've looked around only a little. Mineros S.A had circa $200m operating cash flow and paid $29m out in dividends. They have done a dividend for many many years. Thor explorations paid out similar last year, maybe a little more.

He/She/It obviously isn't. I've reported that post.

Same here Surrey. Intrigued to know what companies you use as comparisons?

Can someone else read the bit under the corporate structure part of the recent RNS. It says we own 80% but then mentions a ? 60/40 split with 60% owned by a phillipine 'entity'.

As PMDC, a government owned and controlled corporation, holds the Exploration Permit, and, if development commences, will hold the Mineral Production Sharing Agreement ("MPSA") directly, the 60% Filipino ownership requirement under the Philippine Mining Act attaches to PMDC and is automatically satisfied.

Thanks AuInspired, when you say Part2, I can only see Part 1 posted on here. Is there another post?

Additional to that Sakura. I re listened to the recent video with DB, scroll to the 30 mins mark and listen to what DB says. Something along the lines of shipping the processing plant to 'OUR next project'. This project is on the same island as runruno so it would make no sense to ship our plant elsewhere.

Project nearby to Celsius when you look at the map. I don't think this is where the processing plant will be going.

AuInspired, if it is Celsius it will likely be a JV with Celsius keeping their % of the project. There have been massive issues there regarding who owns the other part and that they have been dragging their feet. This is a project whereby the Philippines government want a Philippines 'entity' to retain a %, think it's a 60/40 split. However, DB has been talking about working directly with governments, so maybe they are passing the part that is for phillipines 'entities' to MTL. Could be wrong, still speculation. Celsius resources have around 1.3m Oz gold and copper.

Celsius resources are in the batong buhay 'region'.

Well worth 14 mins of your time. Questionable attire though. Uncanny resemblances to previous gold bull runs. Could see a summer dip in the gold price. Obviously never 100% confirmed but an interesting listen nonetheless.

https://youtu.be/JKx6KTB2_A8?si=9C39uGJ-4pxcf9DA

Seingred, Rio2 have some chunky streams on both their properties, around 10% annual production at Fenix and a lot to upgrade to the 2nd phase at Fenix due to water issues. They have around $113m debt at present. Obviously good they have 2 producing mines in 2 jurisdictions and a growth pipeline.

Will be interesting to see what M&A MTL are up to. Must be a fine balance between getting something cheap but then take a while to get into production using our FCF versus paying a bit more/diluting whilst the sp is still relatively low to get something further down the line/more ready to go.

Good news for us that management and our 2 largest shareholders have members in the board. They'll strike a deal that is good for us.

Regarding B2 in the Philippines, they only hold I think 60% of their single asset mine. I'm not sure we'd be that interested in it (could be wrong though).

ICB888, however what would the price tag be? Given they sold their Brazilian mines for $1bn, which apparently had higher costs than their Nicaraguan mines and I believe less reserves and less exploration targets and similar ish annual production. I think it would be too expensive for us.

Https://m.youtube.com/watch?v=PELvth1XOtI&t=444s&pp=2AG8A5ACAboFBxIFZW4tR0I%3D

Really good video. Particularly around the first 15 mins. Talks about simple cash in v cash out. MTL will be reaping the benefits of being debt free once La India is in production. No big streams. I've used Rio2 as an example before, they have had to give away 230,000oz of gold to get something like $100m (maybe more, been a while) so they could get into production. That's around $1bn of revenue there at $4500 gold.

Still hoping for a double here in 2027.

Https://m.youtube.com/watch?v=a0gLms02Vgw&pp=ugUHEgVlbi1VUw%3D%3D

Spoiler alert, unfortunately he doesn't plug MTL, he does plug his book though. Shame, would have been a perfect platform. He briefly talks about gold miners around the 48 min mark for a few mins and does allude to the opportunity to make lots of money if you do enough research.

Hard to exactly follow the lassonde curve with us already being a producer. I've come to terms the SP is going to be stuck around here for a bit longer and I'm willing to wait it out.

Last year Q1 results came out 23rd April, so assuming the same, hopefully next week.

Great minds think alike El 😉

LMA, I beg to differ in Nicaragua. Of course we need to do some drilling and find some decent targets.

Here is a paragraph from calibre: Calibre has responsibly demonstrated the value of our hub and spoke operating strategy, with permitting ongoing

and Volcan’s proximity to the Libertad mill, we expect the deposit to contribute to the mine plan in the second half

of 2024. This reinforces our peer leading “drill to mill” time frame with less than one year separating our initial

resource declaration in September of 2023 and anticipated production.

They have also stated permits to production in 18-24 months.