Member Info for condor_forever

Mineros who have 2 mines, one in Nicaragua and one is columbia, who are pretty much debt free as they have more cash in the bank than debt and are on track to produce roughly 220,000 have a current FCF x 4 to market cap.

These are better examples.

Major, where do you get a 10% FCF yield from? Small miners around this annual production are quite valued at 10 x annual FCF. If they are, can you give some examples?

Mako are valued at 4 x FCF. I'll try and look at others.

Yes, that is correct.

AuInspired, I would say we are right near the bottom on the lassonde curve.

I too own calibre/equinox but not as much as MTL. Again, look at Rio2, since they announced construction around September/October 2024 (aiming production Q1 2026), their share price has doubled. They are only 19% through construction at the end of Q1 2025.

Major4legs, look at Rio2 and their shareprice since they announced starting their mine build. From $CAD 0.6 to $CAD 1.08 in around 6 months of starting construction.

Nice to see some buys at 8p!

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.