Member Info for leehardcastle

Most experts say gold would be $40k per ounce if it was actually valued par with the paper money in existence, it has been manipulated by trading mythical gold, selling volumes that doesn’t exist to keep the price low, this has been working whilst no one thought they needed gold, but as all governments thought they could print their shortfalls as and when required without consequence, the fact is the free ride was never free, and the short trades where they sell gold are now being asked by the buyer to deliver the physical gold, the buyers want the gold, they want the protection it brings, the short sellers of gold that doesn’t exist are coming unstuck, and the true value of the gold ($40k per ounce) is where it heading should the paper trading manipulation finally come to an end, which it may if the physical delivery becomes the only trade in town.

$4000 dollar gold is just a stepping stone to much much higher prices, the media just refuses to talk about it, if bitcoin can move from $0.01 to $105k in 16 years and doesn’t actually physically exist, I find it strange to say the most precious metal on this planet can’t rise beyond a few thousand dollars, and is actually legal tender.

$4000 gold is even being given credence by banks, and they hate to admit that, it’s the antichrist to banks, they hate anything out of their control and interest charging liabilities, La India 145k ounce gold production at $4k gold is $420 million FCF per annum, that’s starting next year as well as the run out gold from Runruno till the end of 2026.

Market cap of $1 billion is a low ball prediction on those incomes alone, Dupax gold if it has quantity will blow us to another level in 2027 on.

Hold onto your investment for dear life.

Cracking video Geovanni, Matthew Piepenburg is absolutely bang on, it’s a world wide 300 trillion debt bubble you have to worry about, 3 times world trade incomes, it’s broken, it’s in default and rather than default the world prints more money to keep the wheels spinning, Gold is real money, and those in the know, the super rich and the central banks are desperate to get hold of what’s available, I’m gobsmacked only 1/2% of the man on the street has any gold or gold stocks, they are blind to the fact gold IS money, not token paper notes, as such the price of gold has only one long term direction, that’s higher, so hold tight to what you have, as we have exactly what you need already, a gold miner worth pennies producing what the world needs to save its self.

Happy Easter everyone.

The headline figure is based on 20k ounce quarter gold production and recent $1169 AISC at the current gold price.

Dreamy

I have said it and I will say it again, all you have to do is not sell, as the recent sellers will run out of bullets or change their outlook and refrain, 7p is a new high for MTL over the last 8 years or so, but it’s become the new platform, gold will continue higher as it’s the reaction to money printing and the USA will be doing huge levels more of that in the next 12 months, they are screwed, hold tight as the future for us is blindingly good, those not exposed to precious metals are in for a tough ride, their wealth will diminish to inflation I’m afraid, tell your family and friends.

Broomtree, you talk about the macros, but you don’t understand gold at all, if you did, you would know why it’s going higher, and why it will continue to go higher, it’s just maths, the dollar is screwed and nothing can stop its devaluation, hence why I keep buying Gold, Silver and MTL, it’s beyond the control of any Government and Trumps about to find out the hard way, he’s going to be the biggest fool ever.

I’m certain because I understand, 99% of the population don’t understand golds roll, but they will learn the hard way I’m afraid.

I understand that, my point is the seller who’s wanting out gets to the point where he is out and can’t have an effect on bringing the price down again, it’s correct what Broomtree mentions, but the effect passes, buyers can buy as many as they like if they are prepared to pay more for the shares, as the market maker raises the sell price to temp new sellers to facilitate the needs of the buyers.

We will ratchet higher as each seller runs out of shares, as long as the future locks and remains this bright.

The sellers have one big limitation, they end up running out of shares to sell, the buyers don’t suffer from that, they can buy as many as they can afford, and as such the price of MTL ratchets higher with time.

The gold price is set to increase as it’s clear that FIAT money printing and borrowing costs are accelerating, the decades of money for nothing is coming to roost, they have no solution left, but let the currency devalue, and as such gold and silver, real money, can only be valued at more of the ever decreasing value paper notes.

$4000 gold is highly possible by 2026, and MTLs La India will be selling its gold into that price, look ahead and the future for MTL is bright just based on rational values, but we can and very likely get a true gold rush as people finally wake up to golds protection from currency debasement, and runaway gold and silver prices can ensue, MTL is leveraged to the advantage of that, 30p plus is rational for MTL, but what happens if gold becomes irrational, $5000? $6000? It’s not as unlikely as it sounds, I believe it’s coming, hold onto your acorns (MTL) the oak tree is growing. iMHO

It’s like peeing against the wind for the sellers, selling into ever rising gold and thinking you have found a top is just silly, as the top you found is temporary and MTL will march higher every month until La India comes to production where it will multiply todays value by 5, every month that passes is income into our bank, a build getting closer to start and assets getting proven up, this is the opportunity of a life time and all you need to do is not sell.

IMHO

$3200 is here already

Closed at a new all time high, $3175

That officially over $2000 profit on every ounce of gold produced based on historic AISC.

Unbelievable profit margins, and yet I’m confident they are here to stay.

Who thinks Mrs Evans (Drachs) has been dipping in the opportunity, or another Director? Someone with deep pockets did.

Gold smashed through $3100 again, business as usual, we are knocking on the door of $2000 profit on every ounce again.

Silly me, I forgot to add MTL to that list, 1 month chart shows MTL 14.00% up.

Gold is the safe place to be, it's doing what its meant to in dire situations, its real money and its a real store of value:

1 month charts evaluated as of this minute.

Gold up 4.35%

Oil down 4.4%

DOW down 10.18%

Bitcoin down 10.42%

FTSE down 10.56%

NASDAQ down 12.60%

With lower cost oil and a rising gold price over the last month, MTL are having a great time.

With Gold holding up, and oil prices falling, production costs for gold miners will reduce, so all looks good for gold miners, I think gold will shine higher as Trump doubles down on his policies to tax foreign goods.

Gold proving its ability to maintain wealth in a time of crises, gold up 2% today, $3045 as I write this.

Hold tight to MTL 👊

Just noticed THX had a good day, debt free spinning good FCF, announced a dividend of around 2.7p annually for 2 years, I remember AAZ doing exactly the same, got debt free and paid a dividend straight away.

Looks like a few sold out of MTL today and changed ship to THX, but I believe MTL are playing a much better game with the cash generation, growing our company rapidly and delaying dividends, a dividend stream from a much bigger income is not only financially better for all, but reduces risk massively, as cash is implemented to growth rather than instant gratification.

AAZ suffered in my opinion from not expanding assets with the cash, it grew the share price, but they ended up coming back down to earth and scrabbling for cash to survive, back to indebted and poor production.

Hols right to MTL, we are on a much bigger and safer path. IMHO

Now your talking 👍🏻