Member Info for condor_forever

Yes, the SAG mill was included in the sale but I'm pretty sure it isn't big enough for the throughput we are aiming for.

Another example of how undervalued we are.

Heliostar has a market cap of £120m and have 2 small open pit operations in Mexico. Their production guidance is 31,000-41,000 and their AISC is circa $2000/Oz.

Well worth a watch of that Frenchie. 👍

LMA, here is a nice video about cacao.

https://m.youtube.com/watch?v=Z59LLwLYqC8&pp=ygURQ29tZG9yIGdvbGQgY2FjYW8%3D

Evening all. Firstly, this is just very basic comparisons. There aren't many companies on AIM to compare with. I like to look at companies within the same locations. In Nic, we have 3 TSX listed mining companies. I'll rule out calibre as they are too big and have a big footprint in Canada and less so in Nevada, so not point trying to compare ourselves with them.

The other 2 are Mako and Mineros. Mako are smaller but have a strong ish growth pipeline with 2 other projects outside in Nic in Guyana and recently in Arizona. Mineros on the other hand is a great comparison as to where we could be in the next few years. They have 2 producing assets, one in Nic, the other in Bolivia.

Mineros 2025 guidance is circa 210,000oz gold at circa $1700 AISC. Simple numbers at $2700 gold gives $210m per annum. Once La India is in production, if we use $2700 gold and AISC $1,100 on 145,000oz, we get a very similar number per annum of $232m.

Mineros market cap is CAD $524m, which is £292m, which would equate to just over 11p per share for us. Obviously this is just one comparison and there are lots of other metrics etc you could use, but I would be very happy with 11p come 2027 and that doesn't give any value to what we have in the Philippines.

More than happy for others to take a look at Mineros to see the similarities and open for feedback. Comparing companies working in the same locations is probably the closest you are going to get to get a rough idea of potential value going forwards.

Gold-miner, come on, let's be realistic with trying to predict where the shareprice will be in the near future. Those are crazy numbers!

LMA, from memory, the El Limon mine is roughly 20 odd km away from La India and has been in production since the 80s and has produced around 3m Oz over that time and they are still finding new veins on their land package with high grades.

Interesting as well that he mentioned that they have purchased that second hand plant that Darren was only talking about on Friday last week. Quick movers! I like it.

Simms, ever the optimist.

I'm with HL, they have adjusted the cash component now which is correct.

No worries Nesnoor. Yes, excited to see what unfolds here over the next several years. Happy to hold, won't be selling any of my shares.

Looking forward to this new chapter.

CF.

William, cash component comes in end of the month.

Nesnoor, calibre and a total different kettle of fish to MTL at present. They have their valentine project about to start production in Q2 2025 which will add circa 200,000oz per annum. I think some of that is already priced into their market cap.

Chilli boots, yes, we knew. They produced PEAs back around 2021. We only included the la India open pit in the BFS to keep capex low at the time as we were planning on building it ourselves.

DDD, all my shares were held in an ISA with HL. This was there response:

Should the takeover be approved, the CVRs would be credited to your Stocks and Shares ISA as this is where your shares are currently held. However, under HMRC rules CVRs are not eligible to stay within an ISA, therefore we would automatically remove these and place them into a Fund & Share Account within 30 days of receipt of these. As such, should the milestones of the CVRs be met, any proceeds would be credited to a Fund & Share Account.

I hope this has been of assistance. Should you have any further queries, please do not hesitate to get back in touch.

Kind regards

Corporate Actions Team

Hargreaves Lansdown

Surrey, are you planning to hold?

Https://youtu.be/lKZ7DqsxESQ?si=HoVSHSgnI4A0DA0H

I'm not going to lie, a lot of this is over my head but an interesting take. Appreciate any opinions.

Adam, anything of note?

Adam, did you go to the general meeting on Monday?

Broomtree, the BOD at CNR have verbally and have written that they have all the necessary permits to construct and operate. The need to apply for underground permits but is basically a given as it's below the permitted open pit.