Member Info for leehardcastle

In the mean time, as sellers let go of their investment in MTL that has a market cap of just $499 million today, Runruno currently produces over 70k ounces or $200 million FCF per annum at todays gold price, we have around 15 months reserves or $250 million FCF before drying up, with La India coming on line in less than 12 months to pick up the slack, designed to produce 145k ounces or $435 million FCF per year at todays gold price for a proven 12.4 years reserves, that's $5.4 billion FCF over 12.4 years, Darren expects to double those reserves with drilling whilst increase annual production to 185k ounces per annum with upgrades, Dupax is yet to be confirm its gold reserves and so is the Abra tenament (Copper and Gold) but both these assets should exceed La Indias incomes, all assets 100% owned and paid for, two mine processing plants 100% owned and paid for and lets not forget the $400 million spent on these two projects to date, all yours today for $499 million if you had all the MTLs shares in your hands, is MTL cheap?

Many analysts have silvers future at over $300 in the next 5 years, the shortage of the silver being a major issue, production is 20% short of annual consumption and has been for 5 years, stocks are low, and we are still priced lower than 1981 silver highs, with money printing (inflation to most) silver would be $200 today on that single basis. BUY recommendation from me.

Have been in and out of FRES.L in the past, but I’m all in MTL as you know, massive upside for many silver stocks still, they like gold stocks are way cheaper than the incomes in play, but I like physical precious metal as a safe bet, no third party risk at all.

Atkinsons Bullion are usually the cheapest source, I use them all the time, currently 25 Britannias are £1405 and in stock, which is rare these days, all ways out of stock recently, demand has exploded in the last 2 months, free carriage usually.

Sakura, I have invested in silver Britannias, they are subject to VAT unlike gold, but they are capital gains tax exempt like gold when/if you sell them, I first bought them when silver was around $27 dollars and ounce.

The VAT is not an issue as if you wanted to sell them you will see they sell really easily via EBay for as much as they would cost to buy from a bullion dealer, but the bullion dealer would buy back less the VAT, so sell private is best.

Gold to silver ratio is silly still, about 85 to 1 and so silver is really cheap even now.

The silver ration has been as low as 3 to 1 and was at 15 to 1 back in the 80s, so it’s got a chance in time to do the same ratio and you would be quids in over buying gold.

A tube of 25 coins is a nice start, they are lovely things.

I watched that video few days back Sakura, it’s a corker, very interesting predictions, fingers crossed he’s right, I’m all in on both gold and silver, real money.

CondorGoldMike….nicely displayed facts on MTLs state of play, of course it’s hard for some to see that the future incomes are immense, and that is what will bring the shareprice to many multiples of today’s crazy pricing, but even less understood is that gold is to double, maybe triple over the next decade, and that why I use the term pennies to pounds, that’s my prediction, but it’s based on historical gold bull runs and this one’s likely to exceed previous ones, with the dollar lowering in value to levels never seen before.

The future for LTHs is off the charts, hold the course is all that’s required. iMHO

Commence operations in Sept 2026, 10 months from tomorrow then, coming fast now 👌

Seingred…I’m not a fan of crypto as it’s a token based currency, doesn’t mean it’s not a good investment, but it’s definitely not for me.

Interesting fact that I always tell my friends is that all the gold on this planet split evenly between every soul on the planet would equate to just one Troy ounce of pure gold each, 1 gold Britannia at £3230 at today’s value has you owning your share of the planets gold, how nice is that?

It’s also gives you a sense of golds value, and also how cheap it actually is considering how rare it is, it’s indestructible properties means it’s yours forever, never changing in mass or quality, I hope everyone has their share and owns their coin 🥇

Major, I knew you would reply, as usaul you are blind to the shift in wealth, The East is buying Gold, its buying from the ignorant West, the East is hoarding what it mines, the BRICS nations are fed up of taking ever shrinking value printed dollars in echange for their goods, for the never ending sanctioning and threats if they dont follow the USA script, but, the power has shifted and the East are the new improved power, China and India they are the Factories of the world, Russia and China have the critical resources of the world, the G7 have been living on debt, the debt that never gets paid back because they removed the gold standard that stood for centuries and that allowed them to print FIAT money to oblivion.

The BRICS nations are setting up their own currency and it will be gold backed, hence the thirst for their banks to buy it at any cost, the reason for the majority of this last few years gold price rise.

The shift in power is in play, the USA is a hollowed out carcase, so is the U.K and Europe, all bankrupt and many without gold as you said, does that sound sensible to you, without money printing they would collapse tomorrow, all of them.

The East and the wealthy percentage of the West are buying Gold, oh, and the few inciteful working man resideing on here, your lucky you bought into MTL for all the wrong reasons, but luckily for you your in.

Sakura…I don’t mean your local bank, I mean the financial system, they make money from your money, they pay you a token interest rate because you make an unsecured loan to them when you put any money into an account, it’s not put on a shelf for you, it’s loaned out many times, mortgages, car finance, credit cards etc.

Gold purchases remove currency from the system, they can’t profit from it, it’s not beneficial to them for you to own it, and so they make it almost impossible to get to know about it, it never hits the news, it’s not taught at school, but, the banks know it’s real money and they are stocking up as we speak, hence the rise in its price, it’s not public awareness doing that, ask 100 people in the street what the current price is today, 98% wouldn’t know.

We know, and we are ahead of the masses, it’s not conspiracy, it’s fact.

The BRICS nations are buying gold like crazy, they are setting themselves up now, it’s just a matter of time before they start an official gold backed currency, and the dollar and other currencies will have to come into line, no one will want the investments on offer currently with the debased system we have now, it’s going to continue devaluing and gold tells you this.

When more than half the world trades with a gold backed new currency, would you deal with the dollar, its value will plummet, and golds price will continue much higher.

This is a once in a life time event, it started in 1971 and it’s coming to a head, hold onto your precious metals and miners for dear life, ignore the noise you hear in the usual sources, the banks own them all, and they don’t want you buying gold and silver, real money, not paper nothings, the central banks are buying it like crazy, they know the truth, but they don’t want the Joe Public knowing it too.

Pennies to pounds is coming in the next few years for MTL shareholders IMHO

I hope many got a bargain yesterday, irrational lows are the best value purchases longer term, $4000 gold again and all is well in the MTL camp, massive Q4 results and a happy new year ahead. Celebrations for all.

To give perspective about golds price, the last time MTL was as lowly priced at 11.7p gold was stable at $3350 back in late August 2025.

We have retraced to 11.7p with 3 months La India build under our belt and gold today at $3900, the pull back in share price is an over reaction, and another opportunity. IMHO

These are the times you get to make the most from your share purchases, all that’s changed is sentiment, gold bull runs are not a straight line, the rise will kick and buck up, but gold is only going higher because the government debts only get bigger, and the budget deficits get printed, that’s cycle is snow balling, and the pull back here is large because the rise was even larger.

MTL are in the perfect position, and this high gold price is creaming us money now, so take this opportunity and nibble the purchases if you have funds, because waiting for the market to shine and paying more is not the most efficient when the end goal at MTL remains the same, La India is 10 to 11 months away from turning gold, and Runruno still has 14 months regardless of its repurpose, but 100% certain, it will be repurposed and become the second working mine again, Dupax or not.

Pennies to pounds IMHO

Top up time, we know we’re too cheap, double anything you put down today in 12 months, the market does what it likes, and private investors panic on any drop, they forget why they invested and jump off, MTL are creaming in the cash as we speak, La India is coming hook or by crook and gold is getting ready for the next leg up, don’t fall for the tree shakes.

Pennies to pounds coming for the patient IMHO

7 days ago since Chubb the Director bought £50k worth of MTL at 14.9p

I wonder if he knows something, could he actually have insider knowledge ;-)

Darren said construction will be 50 to 60 percent complete by year end, $86 million spent to date, about 43% of the $200 million total costs.

Proves we are bang on time, we had $28 million in the bank at end of September, around $90 million to find over the next 12 months, think the Q4 results will find well over half of that, money is not an issue in this build, it’s coming boys and girls, have zero doubt on that.

Definitely top up time again, double your money in 12 months IMHO, it’s all happening folks, you just don’t get to know day to day, production, drilling, deals are all in the background, take these offerings if you can, remember gold is over $4000, it’s got to take breath, it’s all part of a bull run.

Lets be clear, MTL already has a long term future in hand NOW, Runruno has 15 months or 90K ounces production remaining, producing NOW, do the maths at $3k per ounce margins, then with 3 months production to spare at Runruno, La India production begins and we have 2 working mines for those 3 months, as La Indias grows to 145k onces annual expectations, the 12.4 reserves years in hand will expand as we prove up the remaining land bank, along side processing plant upgrades to increase annual production to circa 185K ounces. so that is a long term business already, do the maths on $3.2k per ounce margins at todays price.

Runruno is planning to produce again with as little as 6 months downtime should the Dupax reserves prove viable, trucking in the reservers and bringing us mid 2027 back to a 2 plant producer again, should Dupax not work out, then another local reserve may come to light, or we move the existing processing plant to another aquisition, Darren Bowden will be working on Plan B now, but I think the 5Km road build taking place at Dupax reserves now has me thinking Plan A (Dupax) is already factored in.

MTL has much bigger plans to grow than many understand, Darren is ambitious, he's highly motivated with his 200 million share holding, and he's extremely skilled, all we do is hang onto the coat tails, and take the shareprice dips as good value top moments, both Director and Major shareholder buying at 15p area should give you perspective, you have to ignore the shareprice movements day to day and let the dollar incomes do the talking, they are to be huge in the next year or two, and the share price will catch up, have no doubt on that, to turn pennies shareprice to pounds for the strong willed and patient, oh, don't forget the Abra tenament, that's Darren favourite 5 year plan, its the really big one, I will be around to see that one too.