Member Info for Condorquestion

Thanks CB.

It does seem to appear as if it’s happening. Incredible.

…versus other gold miners. Most seem to be -5% or worse today.

-1 to -2% today.

MTL +4%.

Nice.

MAKO

Mine in Nicaragua and a bit of exploration in Guyana.

2024 Full year production: 47koz. Au.

14 MiO cash, 6 MiO debt.

Market cap 290 MiO USD.

P/E: 12.5

MTL

In 18 months time we will have a mine also in Nicaragua producing 3x that amount. Plus the possibility of an extant mine producing additional (Dupax).

Current P/E 1.5, likely lower when 2024 results in.

I just think it’s a great time to be earning more-than-expected cash when you need to build a mine. And drill. It reduces risk, provides construction and corporate options and possibly also increases speed.

A lot of the data aren’t entirely pukka, including ours, but still a nice resource for further research. You can sort and choose different financials etc.

https://companiesmarketcap.com/gbp/gold-mining/gold-mining-companies-ranked-by-pe-ratio/

… Hence his clear urgency on the permit situation.

Darren discusses it in every presentation he makes.

Approx. 50ml / 50 cm3 of gold (that ain’t much at all), worth over $100,000. Oof.

Most important thing is the Dupax exp permits. That’s an RNS that should cause some price action, rather than the financial results which we know should be good.

That’s true and I noted from the YT video that his spouse is Filipino, which could be important. And the general vibe is that the main business is really in the Philippines. La India was/is ‘just’ a very fortunate (hopefully) add-on.

Then Darren will be headhunted by a big corp.

I hope we don’t get bought out before we have the chance to fully realise everything.

Well, we have a PE of 1-2 because we have a mine due to run out of gold in 20 months time.

However *if*, we can get the Dupax exploration permits sorted, then *if* the exploration goes well (worth rereading the January RNS, Darren very bullish even in the worst case), and if the La India construction an commissioning goes well, then OMG. And that’s why we are all here.

…unless it’s the price of gold during an Asian trading session.

Today.

Https://www.tradingview.com/news/moneycontrol:76b9e95a9094b:0-citi-lifts-0-3-month-gold-price-target-to-3-500-on-china-buying-safe-haven-demand/

Let’s see if he comes up with a policy that screws everything up gold wise.

Let’s see if the Asian markets add another 50 overnight to make it a round 3400 by morning.

It’s nice to see the MTL SP now start marching somewhat more in unison with the daily SP movements of other, larger gold miners.

Whilst these bank gold predictions are all baloney as they scrabble post a number that fits the short term trend, still fun:

https://www.reuters.com/markets/commodities/goldman-sachs-raises-end-2025-gold-price-forecast-3700oz-2025-04-14/

Https://www.youtube.com/watch?v=sXhpTNi1ILs