Member Info for leehardcastle

This uptick for MTL is more of a realisation only 5 months remains till La India flows and we are way cheaper than we should have been at $4500 gold and the build on time.

How long do investors play chicken waiting for a lower price? Try to save a penny and miss out on god knows what when we pour gold, the timescale for La India was 2 years from inception, one and a half of those has passed without fault, La India is really close to becoming reality.

Lots of positive news is possible at any point, and the 2025 annual report will be good reading, the consistent weak hands selling action dries up at some point, you can’t sell again what you already sold, and those left holding are stronger hands, and as such we should start to see some steady climb, war or no war IMHO

Sakura…I think you may be our mystery buyer 🤔 today anyways.

Fingers crossed, it’s either annual results in print or it’s something juicier, you know my feelings but I won’t jinx it.

Top my a-se, 14.7p to buy and 14.375p to sell at close, think there may be some news tomorrow, that last 20 mins was very hectic.

The title is misleading when Gold ended 2025 at $4335 and MTL was 15p, 6 months of mine build has passed, gold is still higher than the end of 2025 and MTL has a 13p share price, other gold stocks are in the same boat and yet earnings are off the charts for the goldies, MTL is soon to enjoy the same off the chart earnings in 6 months, and Runruno is happily feeding the mine build, I think we all know where MTL is heading, how long do you wait for that confirmation?

The cost of borrowing for the USA is getting higher and the money printing is getting larger and world knows it, golds long term fundamentals are more solid than ever.

Juicy buys today, I have a hunch you have been buying today Sakura? Don’t ask me why? It’s just a hunch.

I do think the radio silence is more than nothing to report, I have a feeling something is in the pipeline.

A few economics advisors I follow, not the BBC etc, think we could reach 10% 10 year bond rates by 2030, so I would lock in your fixed deals now if you have a mortgage, the pain for those in debt is about to get real, I remember 16.5% mortgage rates when I was 21 years old, hammered me as a young man, 2/3rds of my monthly income went on the house loan before paying a bill or eating, tough days then, but I think its coming again.

Hi Pedro, I value this business in simple terms, I know you can talk about PE ratios and what a mine in Nicaragua warrants by comparison to one in Australia, and some talk about a discount for being in Nicaragua.

There are more than a few well run long standing gold miners in Nicaragua, so it’s pretty clear we are joining an established list, the advantages are mainly lower AISC, MTL should have a 40% discount in costs to a mine in Australia, $1200 AISC is expected for La India and Australia mines are nearer $2000 because of vastly higher labour rates etc.

On that basis our higher margins are the reward for the higher risk, the facts are the gold is in the ground, 2.4 million ounces at the moment, and doing the maths on that proven resource today is $8.4 billion FCF ($4700 - 1200 x 2400000)

If the CNR and MTL management are correct about La India being a 5 million ounce reserve, that becomes $17.5 billion FCF.

After taxes that’s still $12 to $13 billion on 5 million ounces from that one mine, and that’s not going to be just banked, it will be shared to us investors in a dividend and the rest put to work, buying the future resources and mining them, the numbers start to explode with 2 mines, the incomes from 2 mines are invested and you have 4 mines, etc, etc.

We have from inception to production a 2 year time table with La India, why is it not clear we can repeat that for the second mine, Philippines or anywhere, $400 million FCF per annum is clearly enough to build a second producer.

Whats the value of that future? You own the shares and you get a slice of that pie, the dividend alone will repay your investment in a few years alone, MTL should have decades of production.

As for Gold, it’s going higher medium term, and all that fuels this story.

Well as some are discussing an exit from MTL I wonder why? We can all agree the 140k ounces expected from La India produce $300 million FCF at much lower gold pricing than current, $400 million FCF at current prices and say $500 million FCF at higher gold prices, which of those 3 results are bad? Which of those 3 annual incomes is not enough to expand the business? For me it’s clear the start of La India is the catalyst to a much bigger MTL, and the 2 mine, 3 mine, 4 mine business we all want, the acorn has sprouted and the oak tree beckons IMHO, I’m staying with this journey and a particular shareprice number is not a point or reason to leave IMHO

Well as some are discussing an exit from MTL I wonder why? We can all agree the 140k ounces expected from La India produce $300 million FCF at much lower gold pricing than current, $400 million FCF at current prices and say $500 million FCF at higher gold prices, which of those 3 results are bad? Which of those 3 annual incomes is not enough to expand the business? For me it’s clear the start of La India is the catalyst to a much bigger MTL, and the 2 mine, 3 mine, 4 mine business we all want, the acorn has sprouted and the oak tree beckons IMHO, I’m staying with this journey and a particular shareprice number is not a point or reason to leave IMHO

MTL @ 25p is a £750 million market cap, with say 5 million ounces gold as expected from both Condor and MTL management in the ground from just La Indi, that’s about about $17 billion FCF at current prices, let alone $5000, $6000 plus gold, why would you let go of MTL when that cash keeps flying in, let alone a 2nd mine etc.

I think people here completely underestimate the future in play.

We had $36.5 million banked 6 weeks ago, we don’t need the loan now, it’s just an insurance policy, to make sure enough liquidity is with us for the next 7 months, Runruno incomes should be enough but incase it’s not Darren’s covered that base.

I owned AAZ and moved out of it into MTL, it later ran into trouble and the shareprice suffered badly, its recovered really well, but I feel the dividends would have been better spent early on, the shareholders obviously loved it but it can’t have helped later on, when the finance dried up.

MTL being debt free at the start of La India production will be a stunning place to be, a great headline, not long to wait.

Your all explaining why you should be buying MTL, it’s not moved higher with the gold price rise and has become relatively cheap to other miners, yet we know what’s coming and so the opportunity will pass and folks will buy the rise, chasing it, hey, it’s your money, but MTL is on sale is how I look at it, avoid buying because it’s cheap makes less sense to me, AAZ nearly went broke in my mind because it started paying dividends the day it went debt free and when production nearly ceased for various reasons, it went back into debt, MTL have ploughed every penny since debt free buying its future, La India, Abra and declared no dividends until 2028, that was the right thing to do, and shows skilled leadership, we are in exceptional hands with Darren Bowden, and the catch up in share price is just around the corner

iMHO

Your all explaining why you should be buying MTL, it’s not moved higher with the gold price rise and has become relatively cheap to other miners, yet we know what’s coming and so the opportunity will pass and folks will buy the rise, chasing it, hey, it’s your money, but MTL is on sale is how I look at it, avoid buying because it’s cheap makes less sense to me, AAZ nearly went broke in my mind because it started paying dividends the day it went debt free and when production nearly ceased for various reasons, it went back into debt, MTL have ploughed every penny since debt free buying its future, La India, Abra and declared no dividends until 2028, that was the right thing to do, and shows skilled leadership, we are in exceptional hands with Darren Bowden, and the catch up in share price is just around the corner

iMHO

The tide is turning, $85 dollar silver and $4740 gold, next leg up is incoming.

Major I was being sarcastic, if your telling the truth you now have 1 million shares in MTL, you had 4 million and sold 3 million and so have only 1/4 of your holding left, that’s what your comfortable holding in MTL, that’s fine, I don’t have an opinion on that, you seem to be worried for me and others who hold more than you do, please don’t worry about others, thank you for telling us how good your other investments are and how risky this one is.

I promise you this, I will be rubbing it in a little when La India is flowing and the sky falling in posts have evaporated, that day is coming soon enough, and the reasons in my previous post will ensure that happens IMHO

What do Candy, Drachs and Bowden know? 2 billionaires and a mining expert, surely they are crazy staying invested in MTL, surely they are even crazier having 1450 million shares between them, if for the unforeseen we somehow ran a little low on money, they would pack up and go home, never mind it was fun whilst it lasted, in the real world MTL have no debts means it’s impossible to go bankrupt, there are no banks, we have billionaires invested with nearly £200 million pounds at risk, I’m sure they have the pockets and the incentive to see this company succeed, that’s logic from a Northern man, with a even crazier 8 million shares according to some.

It’s really easy to think of reasons why something may slow progress, or cause a head wind, or “fail” as some put it, that’s why we have a list as long as your arm this morning, for our benefit of course, to protect us and others invested or thinking of investing.

We now know what to look out for, thank you.

Fortunately at the moment in time all is running perfectly, finances are fine and gold is still twice what we need it to be to make money.

Sorry if that sounds optimistic, but it’s currently our situation.

Please, it just pains you to see others make big money and actually have got it correct already, you stick to your 10 bets approach, 2 winners, 2 losers and 6 sideways equals zero gain, I picked a winner and held long, the best is just about to come this year, if you can only stomach a small holding, that’s fine, but millionaires are not made that way, so you stick to your method and I will stick to mine, have a great weekend.

The weather is always with us, The Philippines suffers it every year, and yet 9.4 years later we produce gold, it’s not going to stop the mine coming, and if you really believe that your in the wrong investment, it’s all part of mining, La India is 100% coming, on time or not, it’s 100% coming, and much deeper pockets than ours ensure that, just like Runruno, deep pockets financed us in our time of need, but the last update ensured we are on budget and have the finance to complete, of course you can always wait till it does produce, sell out and come back if it suits you, but you will pay more for that assurance.