Member Info for leehardcastle

MTL predict 71k ounces gold sales for

2026, at the current price of gold and a $1250 AISC we are looking at over $20 million FCF……….per month.

Amazing.

The market is slow to catch on to miners, if it wasn’t all miners would be double/triple the price today including us.

The cash flows are more important to me than the share price, because that’s what your dividend and future growth comes from, not the share price or P/E ratio, those numbers increase as a by product of the money produced, when MTL makes $500 million FCF and we get a cut of that $500 million in the form of a cheque every year, imagine $100 million of that $500 million gets returned to the shareholders, that’s 2.5p a share

We know La India is already predicted by Darren Bowden to produce 129k ounces in 2027, that was before the upgrades to the plant (1.4 mta increased to 1.8 mta) but sticking with the base case of $4600 gold an ounce and $1000 AISC we are scheduled to produce $464 million FCF in year 1, year 2 (2028) at full speed and 145k ounces has us $522 FCF and the dividends start as promised.

Hopefully Runruno is working in tandem again, I feel that will be the case, but as you can see, La India alone is a very bright future and I’m not even using the 1.8 mta production capabilities in those numbers, or a higher gold price, or the value in increased reserves, I will take a 2.5p initial divided, as the company grows so will the dividend, do the maths on 2.5p a share, for me that’s £195k, not a bad income by any means, £25k for every million, and we have minimum 12.4 years, maybe double that when the reserves are expanded.

Just a mathematical opinion.

Q4 Results next week, that should be interesting.

$50 million FCF would be dandy, as Runruno is half the capacity of La India, and gold last quarter averaged $4100 it easy to see what huge numbers are ahead of us at $4600 gold and double capacity.

Fingers crossed for a $50 FCF million headline, from our little Runruno work horse.

Happy Anniversary

We are legally stating we did what we planned with the take over of Condor, but have not completed drilling at the Abra, and have extended the time base till the end of this year.

Just paper work.

Maneco64 mentions KEFI today, I watch his daily gold and silver related videos, he’s a mountain of knowledge and very much a defo watch, I’m not invested in KEFI but his channel is highly rated and his involvement with KEFI may bring new blood to the share, wish you all well, I’m over at the MTL camp, know a few of MTL investors are bullish on KEFI too.

Oh, forgot this point, the Mellons buying is in progress still and creating the recent strength, my point earlier is it’s PIs offering shares still that’s allowing them in, which I still find hard to understand with La India in view and Gold at record highs, but that’s a market, every buyer needs a seller.

PJ70….AuInspired has told us his surname is Mellon, he’s also told us 9 siblings are looking to buy, we know Jim Mellon has been selling down his holding, maybe sold out completely now, that’s dragged the price down and allowed siblings to buy in, maybe gifted the money to his siblings to do so, but they will end up with some of his wealth in SIPPs or ISAs and it a tax efficient way of transferring his wealth, as we know the inheritance tax is fierce on wealthy individuals like Jim Mellon, who’s in his 70s.

Hope that helps.

Sakura….I can explain, you seem to make fun of Simms and his mystery buyer, but it’s clear today and yesterday we have a serious buyer (or a few) AuInspired drops enough clues that the Mellon family are transferring wealth from the old man to siblings, so I would nickname the mystery buyer if you like…”Show me the Mellons”

Why did I mention 15.8p? Because that’s the price showing on the trading account to buy, so get them cheaper now is maybe a good time to top up? Because as I say, I think 15.8p is hours away.

Well that’s funny, Ruffer and their wisdom dumped 100s of millions of MTL shares, crystallising profits in Metals exploration I suppose, what price? 2p area 🤣

They think 4% is a good percentage exposure to the sector, absolute morons.

If I had a fund investment with Ruffer and the best performing sector last year had only a 4% exposure with my money, I would be questioning who’s running the fund? Does make me laugh, goes to show these idiots take fees to look after your money and have less clue than a dog, thanks for posting.

I think the buyers are happy to pay 15.8p today, so with a little time that’s where we are heading today, as usual it’s only possible because PIs have loose hands, beggars belief but it’s what creates the market I suppose.

Who’s prepared to fly to the Philippines or Nicaragua to attend board meetings? That was one of the reasons Jim Mellon pulled away from a position at the table.

We would need a common spokesperson to attend.

That’s always been a frustration for me too, I see the same, I personally wouldn’t invest in them, MTL had the same hype run in the early days, I know some LTHs paid 40p plus for some shares, when the dreams of actual gold production was still a nearly 10 years away in MTLs case, all early start mining companies end up diluting the shareholder every year to survive until production, or borrow accumulating interest payments, and still be years away from producing cash, then to spend years paying back the loans before becoming cash positive, think you are best with a producer, a debt free producer, one with multiple assets, mmmmm.

In Surreys case in my opinion, he has had a cracking year anyway, he has circa 20m shares that started at 6p a year ago, you can’t come and go between companies with that size holding, for example, let’s say he sold 10m shares today, he would get around 13p to 14p for them in one hit, and try buying them back he will pay 16p to17p and the switch to another company doesn’t guarantee to make a profit, picking companies that did better is hindsight, there are also companies that did worse.

Last year saw 180% gains for MTL and yes that was with a sideways movement for 6 months of that period, a consolidation period caused by major sellers, the next leg to production will bring the next surge in share price and that mammoth holding will make what ever the traders say….very envious, do the maths on 20 million at 30p (£6 million)

Copper has 3 folded in price in the last 10 years, and looks about to break out much higher, I know that’s a major target for the Abra tenament, Darren’s always seen the Abra as the Crown Jewels for MTL, the name Metals Exploration PLC makes sense when you may see more of our future incomes come from not only Gold, but Silver and Copper.

A commodities super cycle is in play, miners are going to become the investment of the century as the world realises the importance of real tangible commodities, paper trading nothings won’t cut it in a world looking to change to a currency that’s real, build a greener world and generate an AI superstructure, you need these metals like you never have before, great for metals pricing, even better for those mining.

Silver has fast become valuable again, a by product of other mining, that now can have a large effect on annual numbers, the same is happening to copper prices, and we have a possible Tier 1 asset in the Abra tenement, rich in copper, as well as gold of course.

I think my question to AuInspired this morning was answered after all.

16th Jan is about the earliest, 30th Jan is about the latest

Not long.

Nice to be in the precious metals sector, the public still haven’t really cottoned on, AuInspired… are the Mellon relatives in full swing this week, buying many cheap ones before the next leg up?

Gold and Silver:

5 Jun 2025 11:37

I posted:

Precious metals flying today, Gold touched $3400 and silver $35.80, breakout territory for silver.

Shame you waited till November when it in the $50s

Sakura, did I have any influence on your silver purchases?I did bang that drum too, you know, repeat myself a little when silver was in the low $30s

Be honest now ;-)