Member Info for leehardcastle

Correction “a second mine in production at La India, should read “a second mine being produced in La India”

Excuse the mistake.

TrueRed, you like me have seen MTL rise from the ashes, I didn’t see the first 12 years of MTL from inception to gold miner in 2016, but I invested just as they were ready to start production at Runruno, $81 million bank loan to repay, 2 billionaire major shareholders, a few institutional investors and a confident CEO who purchased £1/4 million worth of shares, I’m in.

2 years of pain later, the old CEO couldn’t make the BIOX function efficiently and the low gold price of $1200 to $1500 had our debts increase to $131 million, banks looking to foreclose and a 0.5p shareprice.

I increased my holding massively because I believed MTL would refinance via the 2 major shareholders having the will and deep pockets required, the BIOX could be worked out and the gold price was rising.

Refinanced with $131 million at a hefty 15% interest we got Darren Bowden and he fixed the BIOX, improved the processing plant, and 4 years of graft we were finally debt free.

2 years of higher gold price and making decent incomes we are now sat with 4 assets, a second mine in production at La India, $28 million cash in hand, a gold price 3 times higher and a second mine being built to double out current $15 million to $20 million monthly FCF.

Excuse me for being confident, but we are in the land of milk and honey and the company is about to grow exponentially.

Hold onto your shares, the big moves are coming, the dividend stream is coming, the deals are coming IMHO

I take educated risk, and I speak the truth, consistently, I know a few on here who are the same, but it is a few, most here play to an agenda, I do my best to keep others engaged, and I’m intelligent enough to know it makes no difference to the outcome here, but I need that free lunch from Surrey he promised me.

I ride and drive, and motorcycles are 10 times more risky than cars, but I’m here for one life and I’m living it.

Everyone has a different risk appetite, I’m not the best at understanding those who don’t or can’t take risk.

I was in MTL when it was losing money, next to bust, and I bought more shares, so in the current position MTL find themselves it’s the land of milk and honey by comparison, as such, you hold long and strong and you gain the most, it’s that simple, if others can’t or won’t, that’s up to them. Have a great weekend all.

1 year is correct, we have run a mine for 8 and 3/4 years and you make out it could all come crumbling down at any point, building a second mine for a mining business is like a house builder building another house, it’s the same recipe, we have the bricks and mortar and we are assembling them, the gold is in the ground, it’s not rocket science, I drive my car to work, I don’t focus on I may have an accident, I might break down, I might get stuck in traffic, I drive my car and I deal with the situation in front of me, and yet 40 years later, I still drive, the MTL team know how to drive around bumps in the road, they have done it for pretty well for 20 years.

The risk with MTL?

I would love to hear it: Licensed to mine in 2 parts of the world, debt free with $28 million in the bank, 2 proven and calculated reserves in hand and 100% owned 100%. 2 additional reserves 100% owned and to be drilled and calculated.

Proven CEO and mining teams, 2 mining locations free of war and amongst many other successful large scale miners.

FCF in the region of $15 to $20 million per month, 15 months reserves in hand.

La India build ahead of schedule and all major parts purchased, to produce in less than a year.

Does that read like a high risk company?

The monthly profit from Runruno is now what Darren hoped to make from La India, how’s that? When Darren used $2500 dollar gold predictions and an AISC of $1000 for La India he was pricing in $1500 FCF on 145K ounces.

Today and it’s not really appreciated in my mind, we produce at Runruno at gold priced at $4300 and an AISC of $1200 that’s $3100 FCF on 72k ounces, that’s more income per month than Darren hoped for a year ago, so we are benefitting with incomes the size of La India now.

So when La India comes online, that’s replacing Runruno but doubling expected incomes again, it’s beyond anything Darren expected, even Darren with his hedging proves he hadn’t expected this rise.

Now, this rise is for many reasons, but it’s here to stay, its admitted by all banks it’s going higher, they hate to admit that, but to not look completely stupid they set targets of $4900 and $5000 by 2026.

We are massively benefitting from golds rise NOW.

When this when that is all good, but we are in a world of dreams already, the future is crazy good. iMHO

Major, you still spout nonsense, firstly, we have 15 months reserves left at Runruno, secondly, La India is up and running in less than 12 months, thirdly, The Philippines is not unfriendly to mining, it’s just slow to give permissions, we have permissions already, fourthly, the price of gold makes a huge difference to a producer like ourselves, 20k ounces quarter at $1000 higher is $20 million extra in our pockets, how’s that not important, it speeds up growth massively, and this bull run is here for 5 to 10 years minimum, just get to date on the facts and why central banks are buying it.

Back ground buyer is still here in my opinion, 250000 purchases all the time, tick tick tick.

We also have a large seller or two, who bangs us down every time we head for 15p, but seen it 100 times before, the seller runs dry and the price ticks up again, 1p a month average increase from here till La India spins its first ounce, but then with gold running so high, the Q4 results will be off the chart and who knows where that will put us in January, massive year ahead for sure IMHO

As a long term MTL holder I remember the constant talk and fear of what’s going to happen when Runruno runs dry, 2 years ago I said MTL are skilled miners, I said they won’t wait for the mine to run dry and go home, they are skilled business men, buying a new reserve was to be expected, and here we are, La India bought in full, a mine building in time to continue the journey, a mine that will produce twice the gold what Runruno has, at twice the gold margins most of Runruno was blessed with, all without start up debt, and all in time before Runruno dries up.

Now based on that being fact, do you really believe Darren Bowden, the man who made a bankrupt Runruno become profitable and successful, La India become a mining reality, if you believe Darren will not have a plan B if plan A remotely looks impossible, your underestimating his skill, Darren will already have plan B in his sight, and if he thinks for 1 minute Dupax is not going to work, he will release Plan B in a stroke, what may plan B actually comprise of? Another local gold reserve or another distant gold reserve and move the mining process plant, but either way, that $100 million worth of mining plant and heavy equipment will work again, don’t doubt that, he’s said 2 mines by 2027 and he always delivers.

$450 million annual FCF from La India at current gold pricing, 12.4 years proven and more years expected, that’s enough to multi bag MTLs share price, Runruno repurposed is MTL on steroids, and it will be repurposed, have no doubt, the Abra tenament our biggest reserve is the wings, and deals are already talked about, pennies to pounds is totally realistic, MTL is growing at exactly the right time IMHO

Pennies to pounds Surrey.

I see chat about exit strategy, take profits at 18p, when gold pulls back, blah blah blah, MTL has $5 to $6 billion FCF in the ground at La India, Darren feels we have the same or more to prove on the same grounds, another $6 billion in the ground, Dupax is a massive bonus, it’s not a must have, but we’re talking $billions if it has scale, the Abra will have tens of $billions when proven up, get a grip folks, we own these reserves, paid up for, and we value today at less than $1/2 billion.

That slice you own of that tens of billions is yours now, by owning shares you have that slice of the FCF that coming.

Opportunity of a life time and yet very few understand its scale.

$4200 gold, $1200 AISC leaves $3000 FCF per ounce is $60 million for 20k ounces.

100% agree Jammin.

It’s uncharted territory and it’s in play now, its scale of effect on the gold price is unknown, but it’s clear it’s going higher, it’s already far higher than any mining company requires to be highly profitable, but it’s here and it’s beneficial, that still hasn’t had an effect on MTLs share price yet, but it’s just maths and the revenues are growing like a snowball rolling down a hill, Q4s will be the best ever by some margin, but La India’s will be another level and secure incomes for decades in its own right, Dupax is a bonus and the Abra is just down the road, we own all these reserves now, paid for, opportunity of a life time, make no mistake.

Runruno is a fully owned and paid for processing plant, the cost effective route and best outcome for the 1200 employees is to keep it where it is and feed it reserves, Dupax is local reserves, a 20 minute drive by truck, so it’s the simple and cheapest solution to reuse the processing plant, Darren has two other options, purchase other gold reserves, again needs to be local, or move the whole processing plant and team to another site in the Philippines, I’m sure he’s already located other reserves if Dupax isn’t economical.

But as we stand we haven’t baked a penny into our share price concerning Dupax, La India is our next source of income, twice the size of Runrunos incomes, and we know that’s on target to start before Runruno runs dry.

The incomes based on $1000 AISC with $4k gold is off the chart, 145k ounces at $3000 FCF is $435 million per year, we already have 12.4 years gold in hand, that’s $5 billion FCF without reserves expansion.

Dupax is a massive bonus if it comes off, the chances are better than 50:50 that it will come to fruition, but as we stand it’s a bonus, and not remotely factored into our extremely low share price.

He’s on another planet, La India in 2026 Q4 just operating will have us at 26p, Dupax in full swing will have us over 50p in 2027

The world is divided now, the USA is losing grip and will lose half the world to the BRICS nations, and they will be gold backed, the dollar will have to be backed by something or it will die, if it uses another digital style system it will fail, in the mean time it will weaken the dollar and print its self into oblivion, huge financial chaos is just around the corner, and you want to be holding precious metals and their stocks, the rest is going down in terms of how many gold ounces will buy it IMHO

Well it’s not hard when you can see what we have and what’s coming down the road, I think Drachs has been buying up to 15p just a few week back with the knowledge of the Q3s results, Darren said they were bad, but we know it’s delayed income not lost income.

So if our billionaire keeps buying with a seat at the table, and PIs keep selling, who do you think is right?

Top opportunity for Drachs, why not us? We should take the chance too, a 25p plus MTL shareprice in 4 more quarters time, remind me if I’m wrong. I will take a £100 bet to charity from someone who thinks we will be less than 25p by then.

The big buyer (Drachs) will take all the shares on offer if we don’t.

Top up opportunity, this quarter (Q4) is by far the most exciting of the year, we know production is in full swing, huge uplift in golds price and the La India build information will come thick and fast.

Dupax results will come in small pieces, the gold price is rising today and we have peace in Gaza for now, so a good day for them and us.

Major you are deluded about the reasoning for golds rise, completely calling it wrong every time you open your mouth, it is totally to do with the collapse of FIAT, and it has a major effect on MTLs future, from just being a profitable business to a cash printing machine changes everything for investors, it’s you who should stop shouting about golds irrelevance when the company you are invested in is to be making its profits from such product, gold is going higher and $5000 will materialise before you see $3000.

Someone is selling large amounts and has been for a while, on the flip side, someone is buying large amounts, I think Drachs is collecting more to add to her 600 million, the 250k buys are consistent and requires deep pockets like Drachs.

The day to day trades are white noise, the $2800 dollar an ounce FCF is in full swing from our Runruno operation, the La India build continues on or ahead of schedule, the reserves drilling is in action and the results are to follow soon enough, the gold price is holding nicely and you can expect it to go much higher as we continue.

Let MTL do it’s thing and time will definitely reward us massively, silver and gold at all time highs, enjoy the weekend all.