Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
To clarify, $171 million paid down to clear the company loans over the last 4 years, debt free status reached late March 2024, debt free now and profiting from $1/4 million per day.
Any one else need factual information?
Oh Gold at $2360 ;-)
More lies, production for the remaining gold is 1.4g/t down to 1.2g/t averaging 1.29g/t over 4 years.
I noticed you like Centamin CEY.L as a gold miner, one of the few posts you have made that’s shined a decent light on a company.
They produced about 5 times the gold we did last year, produced about twice the profit and yet have a £1.44 billion market cap, 14 times MTLs, yet you see that as a good investment? PE of 20
Obviously one your not shorting.
JWBellamy….have you at least watched that video yet? then if/when you have, can you explain why you say the mine has 2 to 3 years, when the CEO clearly states 4 years with a few months additional,
I look forward to your next response
More lies from JWBellamy.
For those who haven’t seen this interview made in Feb 2024, Darren Bowden or JWBellamy
Enjoy
https://www.cruxinvestor.com/posts/metals-exploration-aimmtl-acquisitive-cash-generative-gold-junior-4935
The current facts as of today are as simple as this:
Runruno has 4 years life of mine remaining at 1.29g/t average producing 80k ounce annual gold sales at $1200 dollar profit per ounce producing £304 million profit at current exchange rates is equivalent to 14.5p per share
Cash invested to date in the Runruno business is £237 million at current exchange rates is equivalent to 11.3p per share.
Current share price is a laughable 5.5p
The soon to be acquired Abra tenament is to be our next target with short term high grade mining possible in 1 to 2 years and longer term lower grade mining in 5 years time, the Abra tenament is the first of a number of targets in MTLs sights.
Ignore trolls, who consistently get it wrong and spin lies looking ever more foolish with every post.
Bottom line:
MTL has no debt, record high gold prices, 14.5p guaranteed income in the ground and unlimited future gold reserves to buy using our current cash generation.
Wow
$2323….its just going to keep going up because the economics of the world are broken.
New highs $2321
Gold $2305
Monday should be a high volume trading day, new tax year starts with a fresh £20k tax free allowance for those wanting a long term tax free investment in MTL.
Let’s be clear:
Gold is at all time highs
MTL is debt free and has been for 2 weeks
MTL is building savings at $1/4 million a day
Darren Bowden stated in Feb 2024 via an interview that we will not dilute or require further loans
4 years Runruno life of mine at 1.29g/t average making up to 80k ounce per annum
$1100 to $1150 dollars per once clear profit at current gold prices.
$90 million free flow cash generation per year at current prices
Abra tenement purchase for $1.6 million to take place in June
Small scale high grade mining plants on the Abra tenement is Darren’s Bowden’s fast route to additional incomes, costs around $10 million up and running in 1 to 2 years
Gold predicted to hit $2500 dollars this year
New Chairman is just that, the Chairman, employed for his mining experience, Darren Bowden runs MTL.
£200 million Market cap would be fair value for MTL in our current financial position.
£2000 million ambition stated by Darren Bowden, stating we are the number 1 mining firm in the Philippines, the “Bell of the ball”
Do not let trolls lies spoil your belief in this immaculately run miner, the money is rolling in and will be used to build a multi mine business, with multiple incomes, let this mature, Darren Bowden has proven his credibility.
GLA
It’s held too, $2303 tonight
It’s here already.
JWBellamy
Troll who spouts lies to effect the price, shorts shares.
Motley fool should print an up to date review on MTL, they keep talking about debt in the last 2 articles, no mention of the fact we have 4 years LOM at Runruno either…come on Motley, get your finger out
He posts on other chats boards and talks utter lies and nonsense, I suspect he shorts shares, please short this one, you would get your deserves.
Darren Bowden has it in hand, he will have one or two small scale mining plants set up mining high grade targets within a year or two, he indicated they can produce similar results in cash profit to the large scale low grade mines, for less than $10 million set up costs, I see the Abra tenement being used in that manor first.
He’s indicated he wants multiple incomes.
Average gold sale price for Q1 was around $2090, that’s over $100 higher than any other quarter, average interest charges of $1 million a month since we started paying down the loan is a thing of the past, so that’s another $1 million a month adding to the war chest, with gold at ever higher record prices, we are in another league today, who knows what we will spin off this year? But I can honestly see $100 million free flow being a possibility, based on $73 million free flow in 2023 at a much lower gold price and paying interest on the loan, $100 million? let’s see.
4 years LOM, 1.29g/t average gold recovery, 80k ounces per annum making $80 million annual income.
$5 million to close the current mine at Runruno.
Hope that helps
Totally agree Mac, couldn’t have put it better.
Debt free at record high gold prices, the chains are off, we are now sprinting ahead and the cash is already being banked today at $1000 profit an ounce, and we all own our share of that cash, very happy days.