Member Info for leehardcastle

My close friend wants £120k worth, he’s gutted his funds haven’t arrived from his current (to be emptied) pension pot, it’s all going into MTL, he will top up what’s required to get 1 million, shame he missed the bump this morning.

Surrey, its frustrating bud, but the end goal is the same, we haven’t lost ounces, they are just coming in a years time instead, can I say it 🤔 “It really is a buying opportunity” whoops….I said it 😳

We were hit by the worst storm in the history of the Runruno mines life, and it’s survived really well, the BIOX was my main worry, as it’s weeks to get the bacteria going again, the generators did their thing perfectly, so it’s a delay in production, not lost production, we may still hit 70k ounces and with gold as high as it is, that’s still record numbers for MTL, if selling at every difficult situation is your style, or you set stop losses too close, you will lose your position well before the main events come to fruition, a bump in the road, that’s all.

AuInspired and Sakura definitely giving good vibes, many a long termer knows the real value in play, I noticed you mentioned you held 3% of a miner in the past, was that a success story? I assume it was gold 😉

Drilling results for Dupax reserves and La India expansion at any point in time, drilling in progress, Q4 results usually released mid Jan 2026, expect MTLs highest ever quarterly incomes, seriously big margins on $4100 gold, 20k ounces would be nice.

That video is 6 weeks old already, so we know all those statements have advanced even further, the conservativeness of Darren when he talks about margins at $2600 gold, that ship has sailed Darren, the incomes from Runruno at plus $4k gold will really shine when we get Q4 results, we’re half way through and gold has remained at record levels with conviction.

These lows between news are always the best purchases, we know what’s coming, exciting year ahead.

It’s very simple why the shareprice is pinned down, we have had for a long time now a consistent seller or two, just look at the quotes, it’s clear millions upon millions drop out of a few hands, same numbers repeated on every small rise, it’s nothing new, and it’s sad on their part, it’s nothing to do with the future of MTL and you don’t need to take it as a negative, it’s an opportunity, my close friend is about to invest £120k into MTL, a SIPP investment, he’s waiting for the funds to clear from the current pension, and I hope it stays in the 12p area for his benefit.

Top up time for all, this is a chance to double your money in 12 months, and my friend knows it, he’s excited to get on board, I will let you know when he’s bought in.

The mining awards prove a number of things, it proves we are a professional and sustainable business, we improve the lives of locals with improved health, wealth and infrastructure, the government’s recognition will benefit future licence applications, local councils and indigenous people are reassured so less kickback, institutional investors with ethical agendas can invest in us, other miners will want to work with us, as Darren has said before “ We are the bell of the ball”

Well done MTL.

Darren Bowden, CEO of Metals Exploration, commented:

"I am delighted that the Company has once again been recognised by the Philippine Government with these prestigious awards, which reflect our unwavering commitment to excellence in environmental stewardship, health and safety practices, and social responsibility. This reaffirms our continued progress towards our goal of becoming the Philippines' leading mining company, setting the benchmark in sustainability, safety, and positive community relations. It was also a privilege to have represented the Philippines at the ASEAN Minerals Awards, and we are pleased to have won the 1st Runner up Mineral Processing Award.

"The Presidential Award represents the highest distinction for mining operations in the country, underscoring the dedication and hard work of our entire team. We continue to demonstrate that mining can be carried out responsibly and sustainably, with genuine care for people and the environment. I would also like to personally congratulate Joshua for his well-deserved recognition for upholding the highest standards in safety.

La India is not risky, MTLs struggled with $1100 gold and $80 million plus start up debts, with an inexperienced CEO to to build and run Runruno was risky, that’s the circumstances MTL had when Runruno started, so excuse me if I scoff at your were risky concerning La India, skilled proven team, $50 million FCF quarter incomes in play, no debts and a mine twice the size, all whilst we have $4k gold, your idea of risk is laughable Major.

It’s been a huge churn of those cashing out and those smart buying more or getting in, the selling has been consistent for a while, but we have held well as the value here is off the charts, the sellers run out of shares, that’s without question, and when they do we will catch up rapidly without the brakes on all the time, why sellers? Because large investors like Mellon want out, some PIs are sat on large profits, many CNR holders given millions of shares with the takeover and are finally in profit and are tired of waiting, but none of this matters as patience will bring us a producing La Indi and repurposed Runruno, and the $billions of FCF will come rapidly, and the share price will respond, keep buying as the party hasn’t started, it’s all to come.

$4100 again

Darren has said in past interviews the grades found in samples have been as high as 15g/t, he wasn’t worried about grades, he said he expected to double or triple current outputs of Runruno because the grades are high, it’s a VMS deposit and they are one of two sizes in general, very small or very large, he joked and said we hope it to be the latter, fingers crossed, but the fact he’s building the road suggests he thinks even a smaller deposit will be worth altering Runrunos processing plant, again something he mentioned will start at the end of Q3 2026.

Reading between lines at the moment, but I don’t think we have long to wait for the let’s get it done RNS.

We won’t just have 1 mine, we will have 2 operating in 2026 Q4, La India and Runruno, when Runruno reserves dry up Dupax reserves will come into production 6 months later, if you think Dupax is a no go, you will be correct on that statement, but I think Dupax is a go, we know the grades are good, we just don’t know for how long the reserves will last, but the 5km road build and previous mining in the area has me thinking Darren knows it’s more likely than not, time will tell on that.

The gold price will be much higher than $3500 next year, and Miners will have displayed huge revenues for many quarters and as such interest will expand for the whole sector, and those low P.E ratios will improve for the whole sector, pennies to pounds coming, IMHO

When it brings locals jobs and prosperity to the Dupax area, and keeps most of the 1200 jobs intact at Runruno, where MTL are multiple award winning for the way the mine has been operated, the locals will embrace the future in a more agreeable way.

30 years ago Japanese folks could buy an ounce of gold for 40k yen, today after decades of printing money you need 610k yen to buy that same ounce, the government kept interest rates at zero and so the debt never cost them anything, those days are gone, 10 year bond rate now 1.7% and 30 year bond over 3% and so the massive debt is definitely becoming a problem, the free lunch is not free, and this generation are going to pay for it.

MTL have had a different approach to many other debt free miners, and it’s genius long term, that’s to have told share holders we are not paying dividends for now as we want to expand the business with that money, rather than please today with small dividends, let’s grow the company to 2 larger mines quickly using all FCF and pay dividends then, of course they will be multiples of what could have been paid now.

THX.L are paying 2.67p annually on 90k ounces production, for the same percentage of Net profit they use to calculate dividends, we could pay 4p on La India being 1.5 times bigger production at 145k ounces, if Dupax reserves put through Runruno matches or exceeds La India production, we could see 8p dividends in total, 2/3 of today’s share price.

Clever man, and massive future incomes for LTHs

You can lead a horse to water, but you can’t make it drink, lucky for you your in MTL Major 👌

This video is the best explanation I have ever heard about why we hold precious assets.

It’s so simply stated it hits home, and Major, I can’t wait to hear your reply, it’s a must watch, grab a cuppa and listen hard.

https://youtu.be/D8dmGGXiitw?si=s_FTJrNrxEwy1e7y

Ahh, but the cream always floats to the top, MTL is drowning in cream ;-)

It's madness, but it's also opportunity, we know its cheap, so take advantage, because one day it won't be and you will wonder why you waited.

Patient investors will turn pennies to pounds, and receive annual dividends half of todays share price, I'm not talking bull, wait and see.