Member Info for leehardcastle

I’m looking forward to the Crux video, Darren gives so much info on these, far better than any RNS, a must watch on the 2nd Feb

You both talk like his views have been valid, which they might be if they had even been close to the situation, telling the public gold was in a bubble at $3300 was straight from the corrupt rags he reads, repeating their words, and yet how many people sold shares on his fear? Reduced their holding because of those incorrect ramblings, I said hold onto your shares, I said gold will be $500O for the reasons unfolding, he reply’s to my posts with ever more denial and yet the dollar (the head of FIAT) is collapsing, you two enjoy living in your bubble.

$5100 of collapsing dollars to buy 1 ounce of gold, Trump wants to devalue the dollar, creating inflation through a weak dollar, with a crazy attempt to grow his way out of 40 Trillion dollar debts later this year, the printing machine is on full speed and no one can deny that fact, look at the M2 chart, like I said….wake up.

Remember these words you muppet…..Debt Based Collapse

WAKE UP

That’s for you Major, yee of little faith.

RNS in the morning would be lovely

I think the earnings of the miners will start to really show in the next few quarterly reports, the metals base value have risen fast, and the miners have lagged in share price growth in relation to the increase in incomes, it’s a delay seen in the past precious metals bull runs, should history repeat or at least rhyme, we should see the miners growth accelerate much quicker than the rise in the metals, for obvious reason, the profits of the miners increase by multiples with the new precious metals pricing.

As I said before, MTLs margins have 3 to 4 folded since $2000 gold, a level that had us all excited at the time, so I am starting to think my 30p end of year target at $5k gold is actually looking too conservative, I now believe we will reach that by Q3 and 40p is now my target for Dec 2026, and that it not allowing for Dupax, of which the effect I cannot even judge, but it’s all exciting either way IMHO

Silver touched $100

Happy days

Gold next to shine $5000 any time.

Both doors are being knocked on, less than 1% away.

The rush to safety is accelerating, both metals are permanently out of stock at the bullion dealers, it’s been really slow for the general public to catch on, but they are beginning to see the light, a huge move into Gold and

Silver globally in sight now, we have been right at the front of this move, and as such the leverage on this move is huge for those who stay the course.

The world debts are beyond saving, the interest is so large and the cheap rates have gone, ever increasing debt, paying ever higher interest, so what? Just print some more paper notes, oh no, no body wants to buy the printed money, on I know, we will buy our own debt, let’s buy our own bonds, what can go wrong?

Inflate to the moon, and all those leveraged paper trades using borrowed money can’t create a problem, can they?

The banks are running for the hills and swopping paper for gold whilst they can, at some point the paper becomes valued as paper, nothing.

There is no ceiling to golds value, its real money, its worth more of those ever reducing value paper notes, until a point is reach where no amount of worthless paper notes is accepted, it happened in 1923 in Germany, and only those with gold saved themselves from ruin.

The US dollar is the head of the FIAT Scheme, it’s sinking and all others are sinking in value, just at different rates.

Hold onto your gold, silver and mining stocks IMHO

I remember when Darren Bowden was excited about MTLs future if gold ever hit $2300, it was about $1800 at the time and MTL had just become debt free, he used the term “off to the races” more recent videos had him using $2500 gold pricing in his longer term predictions, all this excitement was with $1000 AISC in mind.

Fast forward to today and his margins have now 3 folded since his “off to the races with $2300 gold” comments, Major you need to admit you completely got the future gold price wrong, instead of wishing it lower for your lefty agenda and to suit your predictions, the gold bugs you laughed at were 100% correct as it turns out, and you were 100% mistaken, the nonsense you still push about why MTL is behind the curve in relation to peers, when it’s clear the massive sellers like Jim Mellon, a terrible 2025 Q3 performance because of soil contamination and a direct hit by a typhoon was the main culprits.

You say we are valued right at 15p and 20p plus this year is a target, your completely off with your prediction again, 30p is nailed on this year just on La India at these gold levels, I will be the first to remind you when it comes, and I will remind you of my comment that you will see $5000 gold before you see $3000 gold again when you said it was in a bubble at $3300.

Enjoy the ride boys and girls, the next 11 months will be 100% rewarding, Q4 results will be a little reminder of what high gold pricing achieves, and remember the results will have been achieved from over $600 lower gold than today’s blessings, 2026 Q1 are off to the races.

Hold onto your shares.

A different subject but just 2.5 years ago silver was $18 and todays it $96

My point is when the market wakes up to physical reasons to buy a certain element, like silver, the world has just realised they need it for both manufacturing and wealth preservation, and are now prepared to pay over 5x the price.

Gold is in the same vein, it’s fast becoming a panic to sell paper investments into physical wealth preservation, and it will continue, as the paper investments are worth……nothing, the world is waking up to that slowly, and gold will rise and rise, gold is money, life time opportunity for gold and silver investments. iMHO

I’m not trying to have ago at Sakura with this comment, but Simms gets a hard time, these are Sakuras words from a previous post Sakura:

“I maybe inaccurate in my recollection. I sold 750,000 on 21 July and then another 300,000 a couple of days later”

Share price was in the 12p range.

Let’s not fall out as we all have out strategies and theories and we all want the same goal.

I do remember you selling a million shares Sakura, or at least you said you had intentions.

Your judging by today’s share price and can’t see the move, I get that, but I’m talking about 2 mines producing, no debt and dividends being paid, today we are seriously undervalued, using current FCF to build La India and just relying on 1 mines production, not currently paying a dividend.

Gold mines have been undervalued for over a decade, when they become the play in town and the public want a piece of the action, the interest can balloon.

Silver is a perfect example, no one was interested in silver when it was $15 an ounce 10 year ago, now they want it and can’t get it at $95 an ounce, try buying it now, all sold out, it’s the same for gold miners, massively undervalued by comparison to incomes, but the next year or two I bet you this, there will be a frenzy to hold gold and gold miners, MTL will be in the FTSE 250 and watch it fly.

It’s coming I promise you, hold onto your shares.

Hey Surrey, let’s take it either Dupax reserves or other unknown reserves are to be used through the processing plant at Runruno, whether that’s staying in place or moving it to the unknown reserves, but at the current gold pricing, we know La India can make over $500 million FCF per year, when the through put expansion is in play, that could be $650 million per year.

So Runruno using Dupax or other reserves can achieve similar numbers, remember this is $4600 gold, higher gold increases those numbers again, but at $4600 gold we are talking $1 to 1.3 billion FCF per year for both mines in tandem.

A market cap of $3.9 billion has us a £1 share price, are we saying a debt free gold producer can’t have a market cap 3 to 4 times its FCF?

I genuinely think we will get that £1 share price, and that’s based on current gold prices, but I believe gold is heading much higher over the next 5 years, I also believe the Abra has immense future value, I know Darren believed in a $2 billion market cap for MTL, but his statement was made when gold was just $2000 an ounce.

Hold onto your share, pennies to pounds in play IMHO.

My mistake, your correct Frenchie

Surrey, you won’t care when the share price becomes a three digit number in the next few years, pennies to pounds my friend.

£193k in the bank, the latest are at 10.3p so the discount is shrinking, deals are deals and they were struck back in time when 10.3p seemed a high share price.

The timing has me thinking Darren will drop the RNS we all want to see on the 23rd too, as I believe it’s a good un and lets us all get excited over the weekend for our clearly bright future.

Darren Bowden has talked about Dupax in prior interview videos, and at the time he stated the grades were high, so if the VMS deposit that’s 9km in length is wide and deep, then he expects to double/triple Runrunos existing annual production, at the time we were above 80k ounce annual production years.

So he’s was talking of 160k to 240k ounce annual production, saying it’s a simple process, efficient recoveries without BIOX circuits.

So the effect on MTLs share pricing is to be vast, because should Dupax have scale, and a lengthy mine life, a $30 million cost to convert the processing plant is small, and yet it could produce more gold than La India annually.

Fingers crossed the VMS is as large as he hopes.

Sakura, all I would like is my fair share and a slice of the MTL pie, my slice hasn’t been shrunk by impatience, but the pie has definitely grown bigger ;-)