Member Info for leehardcastle

I see it completely different to you Surrey, I see many frustrated Condor shareholder that simply can’t wait to get out once in profit, it’s been Mellon as the main culprit, and see many like yourself still complaining about the share price, when it’s clear it’s because of incessant selling from those who have recently got back into profit after holding a lame duck for a decade, you forget MTL was and is a producer when we purchased Condor, Condor was not the only asset for sale, we could have bought elsewhere, and if we had, chances are Condor would still be borrowing money and waiting for a saviour/buyer.

MTL are a miner and they will mine without a production gap, all miners buy new acquisitions, otherwise they can’t continue mining, that does not make them an explorer.

Darren will spring out the next aquisition upon us at any time, you was not around when Darren first used the term “We are bell of the ball in the Philippines” he said that because at the time we had around 20 opportunities being offered to MTL, because we was and are the most successful gold miner in the Philippines, multiple presidential wards backs that up.

$38.5 Trillion today and adding 2 to 2.5 Trillion in the next 12 months, runaway train springs to mind

Nicely put Sakura…the FIAT system may continue for many a year, the can may be kicked down the road, but that’s going to require more borrowing, because the size of those debts have gone past the point of return, and so no governments can reverse them and still manage to stay in government for a second term.

But the effect is a rising gold price, however you look at it, a collapse of trust for the dollar would send gold stratospheric, just a kicking of the can down the road and printing the deficit spending shortfalls will still gradually increase the gold price.

The BRICS will end up being another entity, and it will be gold backed to some level, the US dollar will as you said continue to lose value, and the US stock markets may continue to rise for some time, but the cost of living will eat away at the middle class, as the value of their FIAT buys less and less, and not all folks can invest and keep ahead of the coming inflation, MTL are set up to benefit perfectly for bullish gold price future, and the rise in gold is here for longer than most think, calling it a bubble by some is a lack of understanding in golds proven historical roll.

Time will tell, I put my money where my mouth is, and have never regretted a minute of it.

The team he has currently at Runruno need employment, they will be vital in keeping on board as finding these skills is difficult, another M&A in the Philippines is a certain for me, you can’t expect the current team to move abroad, they will be employed to dismantle and store the processing plant and then rebuild it at the next venue, Darren will release that info out of the blue like he did in Dec 24 with Condor Gold, he’s mentioned H1 2026 already so the target must be in view and the deal will be in discussion, but nothing said till hands are shook, just like the Condor Golds deal was.

The difference this time is we have more FCF available, the Condor deal was harder for us with gold at lower levels and spare cash much harder to find.

This will be the third mine deal, so nothing new, just more of what we have proven ourselves to be, miners.

It makes me laugh you just don’t get it, Gold and Silver are money and FIAT currencies not backed by anything are just paper, worth paper, it’s that simple, thousand of years that rang true, and just because the public have been brainwashed into thinking those paper notes that replaced it have value doesn’t make it true, you still didn’t tell me why gold was $42 paper notes in 1971 under the last shred of gold standard and now it’s around $5000 paper notes, you going to explain why that happened?

Major….your ignorance astounds me, I’m beyond trying to help you, you keep reading your Financial Times, it’s those idiots who said Going Going Gold when it was $400 saying it was a by-gone and pointless relic? good job the gold bugs ignored that bit of advice.

Surprisingly they are £2100 this morning for 25 Britannias

Antroot (spellcheck got me)

Anterior…Atkinsons Bullion is who I use, I got some second hand Britannia’s for as low as £2070 (tube of 25) last week, they are a little cheaper now, second hand come like new as they are usually just stored in the previous owners hands.

Long term store of wealth for me.

Nice one dictumdedicto, I am buying this dip, took 50 Britannias at $75 and will take 50 more at $70 dollar should it come to fruition, I know this week will be weak as a result of the Eastern exchanges on Holiday, so kept some powder dry, the next rise will be a strong one as the reality is Silver is in critical shortage.

Major, have been selling again? 1.5 million went through today, it’s a windy bum type of trade, your style ;-)

It takes years to open mines, and the shortage is here now, it’s always the same, it hasn’t broke so why should it now? Everything is fine until it’s not, that’s life, and we are about to see it break, it’s just maths, the silver supply has been stagnant and the usage has ballooned, time will tell.

I thought the same about the price, bought some more silver a bit early by the looks, thought $75 would be the bottom retrace, closed about $86 in China, as you say, who knows short term.

On the subject of Silver Sakura, the 27th of Feb is going to very interesting as the recent available silver for delivery was down to 83 million ounces at the Comex, and at one point over 400 million ounces stood for delivery last week, so unless 80% of those don’t take the silver, the Comex is going to be dry of reserves, it should wake up the market that the paper contracts are not fit for purpose and that the physical silver is wanted, it’s gone past being just a paper traded asset, as you say the main buyers of both metals are on holiday and the West haven’t got a clue, so I imagine both to drift a little until the Chinese come back in a week or so, exciting times for silver, what happens when the Comex cannot deliver? It’s coming down the line sooner or later IMHO

Sakura…I think Darren always plays it safe with his predictions, he likes to beat forecast, it’s clear he’s still playing with a much lower gold price than $5k for safety with the FCF numbers, and he’s still not sure how much he can talk about with the extra throughput capabilities, either using new discovered ounces and the artisanal miners inputs.

But 50% La India build is now fact, that’s a big milestone reached, and he did hint again at another aquisition in the Philippines, I would say it’s what he wants most, hopefully we have shovel ready projects to buy knowing how difficult it can be, but as we have done it and so have others, it can be done again by that logic.

Using those numbers AuInspired, 2027/2028 average 117.5k ounces per annum @ $1500 AISC and 2029 produces 162k ounces at $1200 AISC, so in short a fantastic first couple of years and year three 2029 is simply stunning.

At $5k per ounce gold that’s $822 million FCF for 2027/2028 combined and $615 million FCF for 2029 and a total of $1437 million in the opening 3 years….wow.

Don’t forget the 55k ounces this year from Runruno and a touch from La India 6k ounces, even at a high predicted 1700 AISC we are looking at over $190 million FCF this year, assuming gold holds the $5k we enjoy at the moment.

Runruno 2 and La India expansion news to come as we wait for these numbers to play out.

Hey Surrey, we are MTL together, Condor was what MTL required, MTL was what Condor required, it’s frustrating for many to see us at 15p, but knowing we are cheap is why you need to add or at least wait, because we have the ingredients, the market will catch up to the money incomes, even now the average gold price this quarter for Q1 is around $4800, again even a 14k ounce gold production quarter will give us record FCF incomes, something that doesn’t register with many, MTL is cheap, so what do you do, well you don’t let it go, and you wait it out, it’s not long, 9 to 10 months for La India operating is blink in the scheme of many LTHs

Runruno 2 is juicy news, we need that and Darren knows it, don’t think for one moment his pivot won’t result us another La India moment.

When the drilling results for extra La India reserves pop up you should have something to cheers.

Nice to have a steady hand like GC invested, wise owl springs to mind, decades of mining experience and has met the main man Darren, well done GC, I know you have the patience required to see MTL grow and grow.

Sakura…that wasn’t me repeating my self, just a more detailed explanation ;-)

Major…your choice, your the one who said gold was in a bubble at $3300, you post your opinions and that may have had an effect on many here, how many have sold on your beliefs? but you was wrong, that point is clear, the future I cannot foresee, but I can make an educated guess, and these just a couple of facts I base it on, The world isn’t going to make peace tomorrow and the $9 Trillion in US treasuries that require to be repurchased this year when it’s clear the world is ditching them is a huge problem in reality, but we know the Fed will print the paper money and buy them so all looks well, except it isn’t well, it’s just more of a demise for the dollar and the snowball gets bigger as it rolls down the hill, the debts spiral higher and the rush to gold will accelerate.

Would you buy American Treasuries when you know they want to inflate the debts away, you would lock your money up for 10 years knowing the chances it will buy less in 10 years time than it would today? No, and the rest of world holding currently are getting out for that very reason.

Time will tell who’s correct.