Member Info for condor_forever

Anyone else watched this video. Candy looks absorbed in something else for most of that video lol.

CFC, in all fairness, Mark Child paid himself quite a small salary in comparison to other CEOs. He kept the board of directors to a minimum.

He worked hard in a bear market to get the best deal for shareholders at that moment in time. He worked around the clock, often responding to emails from lowly shareholders like me late at night or weekends.

Could it be related to the new admission of just over 14m options that were issued/admitted this morning? Could the issuer have sold 50% of them to their money back (and some) and keep the rest as a free float?

Lots of strong numbers from year end. Mineros, ticker MSA in Canada, market cap £1.2bn announced just under $200m USD net cash flow for 2025. Darren talked on the recent video about aiming for that same number next year.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3064-tsx/msa/197587-mineros-reports-fourth-quarter-and-full-year-2025-results-record-annual-revenue-of-800-million-net-profit-and-free-cash-flow-production-guidance-exceeded-42-million-returned-to-investors-2026-growth-strategy-announced.html

Ridgeld, yeah, probably too big for us even with a JV. Likely a bigger company will take that over if they can't go it alone. Big capex of over $2.37bn.

Surrey, I take it you listened to the recent crux interview last week? Darren spoke about possible announcement of some M&A opportunities which he is hoping to announce by H1 2026.

I've come to the conclusion to just sit and hold and wait for La India to come online.

Surrey, I told you not to hang out with Epstein 😜

Another way to look at it, we were around this price in July last year when the gold price was $3300!

TrueRed, you need to look at Rio2. I didn't see their sp drift when they were making no money but were getting closer and closer to first pour.

Really interesting listening of 25 mins of your time.

https://youtu.be/u9kAxtnTVIY?si=rp838FlTXWU120OB

Dann, no hedging. Think the last hedge ended September 2025 ish.

Van van, which project are you talking about permit wise?

Taken from their Facebook page. Peacefully sorted with police presence and 7 arrested.

https://valleyjournal.org/nueva-vizcaya/2026/01/23/tension-over-mining-exploration-in-nueva-vizcaya?fbclid=IwdGRjcAPjIb1jbGNrA-Mg1GV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHq88ZRmNG3ldc-WI3Be4iutzAoqXkOKTOqrRvNY8SSSfZIFbd3eJ_ox5-Llj_aem_NhupxyObxDkKFxfLlTeSWw

Hi Lee, in a lot of ways I agree. When I think about future potential, I'm using comparisons in real time. As you say, a lot of miners are going to be releasing record profits from Q4 and the average gold price in Q4 2025 was the low $4000's, can't remember off the top of my head but think it was around $4150? Look where we are in the first few weeks of Q1! Mental.

I really hope I lose my bet come the end of this year and see great share price appreciation here.

I'm pretty much all in after my recent top up. Would say this accounts for 85% of my investments. It'll never be 100% but it ain't far off.

Looking forward to that meal Surrey, or shall I say a full weekend bonanza if we hit crazy prices over 50p 😉

Sakura, I'm trying my hardest to keep my expectations low. I don't think our 2026 production numbers gets us to 30p in July. There are still other producers that make similar FCF that we will at our 145,000oz target that are valued double to our current market cap. I'm still not adding in any upside of Dupax.

Good to hear from you Seingred. Yeah, sometimes to hard to predict when to jump ship. I've still got my ARIS shares and 5 figures in EQX.

Like AuInspired said, I like this stage of the lassonde curve that we are in. As I've mentioned before, look at Rio2, they are getting to the top of that 2nd peak on the lassonde curve and since commencing construction they have gone up 400%. MTL was around 8p when construction was announced. Fingers crossed for a steady climb over this year.

I've just topped up. Couldn't buy 500,000 shares in one go so split into 2 x 250,000. Sold 75% of my Equinox shares yesterday and rounded up here to 3m. That's me pretty much stocked up. Happy to wait.

Simms, it would be good to do more research on mako before using as a comparison. They are more like 36-40,000 Oz out of Nic and also have inorganic growth to 200,000oz but a little further ahead timeframe to us. They massively diversified into USA and Guyana which is a positive for them.

My understanding is that gold is the biggest earning/export in Nicuragua. Doubt anyone leading the country would want to impact that.

Antroot,

I'm not sure I've seen it or heard it. This was a comment from Mark Child on his linkedin from around a month ago. He knows the project very well.

Gold production less than 12 months, Q4 2026...how exciting. Producing an average of 145,000 oz gold for 12 years. MTL processing plant is 1.4Mtpa, that's the capacity we had in Condor Gold's PEA, but the plant has built in capacity for 1.8Mtpa, a 29% increase.

MTL has announced a possible pit extension of 100m to 300m to the north, and say the vein width is 7m at 3g/t gold at surface. What does this mean? 300m length x 7m width x 300m depth x specific gravity 2.6 = circa up to 150k oz gold in the pit, grades doubled at depth.

Can MTL "fill the mill" of 1.8Mtpa with a combination of high grade underground and 3g/t gold from the 3 permitted open pits? That would take production to over 175,000 oz gold p.a. on a AISC of circa US$1,200 oz gold an EBITDA margin of circa US$500M at today's gold price or equivalent to today's market cap.

Oh and MTL is debt free and say construction of La India is fully funded by production from their Philippine gold mine