Member Info for leehardcastle

One example recently talked about was the trusty Transit van, new to the market in 1965 for £565 and now celebrates 60 years of production.

Try putting £565 into Google AI and ask what is would be worth today, £13900 is the answer, AI uses the data on record to work that out, try buy a new Transit van for £13900

$3700 gold this morning, Major you should stop reading the papers, Financial Times is part of the scam, inflation is far higher than the numbers given, if you can’t see it in daily spending then you must live on the moon, every year your wage rise matching inflation leaves you poorer, and it has for decades, because that number is trimmed, to keep us all thinking we aren’t getting poorer, gold is telling you the value of FIAT is going down the toilet.

The issue for me with any bond, gilts etc is that inflation is much higher than the figures they tell you, when they admit to 3.8% it’s more like 6.8%, the numbers are fudged, they don’t include real day to day costs like rent etc.

So 4.5% is a loss of 2.3% on your wealth each year, criminal.

Explorers are risky, luckily MTL are producers and explorers, so not risky by comparison.

The big players are solid and pay a dividend, may suit you for a lower risk aperture, especially if your not chasing big gains on your capital, but I expect them to increase in value significantly over the bull cycle in play.

Enjoyed the video, he’s confirms many beliefs I have concerning the world economies, FIAT devaluation, the gold and silver shift, the impossible task governments face and points them out in simple terms, a valuable watch.

The gold and silver market is a small market and even smaller is the group of investors that have cottoned onto to what’s ahead, when the institutional investors wake up and begin taking positions, then the late to the party private investor catches on, the current miners valuations will prove to be a sub basement floor, and a huge move higher will ensue over the coming years, I point out the fact we are pennies to become pounds, believe that and leave your investment to mature, we really are just at the beginning for gold stock growth.

Smart move AuIspired, the Q3 numbers are already factored, the reassurance that Darren Bowden said we would still achieve annual guidance of 70k ounces plus for 2025 will still have us on a record high cash turnover and profit year for MTL, as the gold price has blown away any shortfall in gold output from the previous record high 2024.

The cash generation for the next 16 months or so from Runruno is brilliant, but the bigger storey is La India’s incomes, not only being twice the production today, but minimum 12.4 years reserves and possibly double that again when proven up, no more shareprice limitations of an expiring resource, Dupax looks highly likely in my mind, for many reasons, Runruno processing that reserve will blow us into the stratosphere, 2 mines and around 350k ounce annual production may await us in 2027.

Pennies to pounds and all you have to do is hold.

I agree Pedro, the recent stall in shareprice is your time to buy, we are a coiled spring, the news to come on the La India build, the drilling of La India reserves, the drilling of Dupax reserves, the incomes from Runruno, all have a shareprice effect, when La India spouts gold, we are talking under a year, will be a huge deal, so the share price will play catch up, penny by penny, 100% nailed on, or jump around on other stocks is everyones choice, will it reward more? big guess, I know where we are going without a shadow of doubt.

Those wanting a top up? Good time I would say, we are due a catch up, the cloud has lifted for some, business as usual continues, at record gold prices.

Hold onto your shares and double your money in 12 months IMHO

Same strategy for me too Carefree, I have 7.6 million and a close friend 13 million, my brother 1 million and other friends with 1/2 million or lower, they are all here for the dividends that will will be paid from a multi asset mining MTL, a much bigger company, and as such a much higher valuation, the shareprice moves around and when I have the spare cash and feel its cheaper than cheap, I continue to top up, along with gold and silver.

We are in the process of reducing risk with 2 working assets, in different parts of the world, we have the money to achieve that and more, but, it’s important to not let day to day stuff blind you from the much bigger picture playing out here, brick by brick this is happening, not many PIs will see the bigger company holding their investment today, but that’s life, I definitely will.

"Celebrate and wasted" I wish LSE has auto spell check, forgive my spelling if there are more.

The BIOX is the last phase of abstacting the gold, it has let us down dozens of times over the 8 years production, but each time it gets going again, and Darren is the man who perfected it, as he found out what the issues where in the past, this is a new problem, contaminated ore, as such it's a learning curve for him again.

The difference this time is he hasn't waisted the gold, it's still to be processed, so its effect on the bottom line is tiny by comparison to what we produce and especially to what we are about to produce in the next 12 months and the next decades to follow.

The fact we have savings accumulated, $42 million at the end of Q2 means we have nothing to worry about, the recent video of La India shows us the mine is rapidly coming to fruition, because we have money in hand, sweating over delayed production is understandable, but it's not effecting the company overall.

The gold price rising over $300 recently from a stable platform of $3350 is a huge deal, its $21 million extra free cash flow annually at Runruno if it holds, on La India production, it's $42 million extra free cash flow annually, there you have a major thing to celabrate.

Runruno will be back online when the BIOX is fixed, but it's not a deal breaker, the $billions in the ground await us at nearly $3700 and the AISC of $1100 is the key to our expectant massive success IMHO

Double your money in 12 months is still on IMHO

Sakura, it’s crystal clear you are wanting a cheaper entry again, your posts have all turned negative, so don’t be offended if others see through it.

I keep to what I know, MTL has been in my blood for 8 years, I know how it works, selling out of one into another I don’t know about, or have no background in is not for me, so I stick with the multi award winning, multi asset company, with no debt and $42 million in the bank, I think the risks here are at a minimum, and the CEO is a genius.

Gold and silver marching higher again, yes, we are in an amazing position to capitalise on this bull run, decades of gold assets at record level pricing and the build at La India in full swing, remember this lost production is not lost, it’s delayed, the gold is in the ground and will be mined later at higher prices no doubt.

Some have the resilience and patience of a 3 year old child, business as usual will resume.

Hold onto your shares, the title still stands IMHO

There annual report was June 2025, so it’s the average price of gold sold from June 2024 to June 2025 and the Australian dollar is weak, so $2500 US dollars an ounce is correct for that period.

It will improve a lot this year for them, but the fact remains a staff intense business like mining, we have 1000 staff on the payroll in MTL, is massively effected by high wage bills, Darren said he pays a member of staff in Nicaragua $200 to $250 per month, as opposed to Australian staff being paid A$10000 a month, or $6666 a month.

Alkane Resources market cap was about the same as ours before the announcement in August, but the additional profit margins in Australia will be the similar for the new mines because the Australian labour rates are very high, I imagine A$60 an hour ($40 US) for miners is typical today, where as MTLs miners based in the Philippines and Nicaragua are paid a few $US an hour, hence the reason for the huge difference in AISC.

Our profits will always be 200 to 300% higher for the same gold production, that’s the point I was demonstrating, and using 2025 production numbers is the only accurate way to do that.

This is Alkanes Resources annual report for 2025, they have similar production to MTLs Runruno mine, but look at the AISC in Australian dollars A$2,561 compared to the average gold price obtained in Australian dollars A$3,770

Annual gold sales (ounces)

69,774

Average gold sale price (A$/oz)

3,770

“Alkane Resources had a profitable year while operating the Roswell underground deposit. The increase in the gold produced reflects higher grade ore and recoveries via the fine grind circuit upgrade. This resulted in gold produced of 70,120 ounces and at an all-in sustaining cost (AISC) of A$2,561 per ounce.

As at 30 June 2025 the company’s cash, bullion and listed investments totaled A$60.3 million, with A$48.1 million in cash, bullion on hand at fair value of A$12.2 million and A$8.0 million of listed investments at market value”

If you look at the profit per ounce it’s not that good, because Australian labour rates are very high, only making A$ $1209 per ounce or $802 US dollars an ounce.

Compare that to MTLs AISC of around $1200 for 2025 and around $3300 an ounce average selling price, $2100 dollars profit per ounce.

Alkane Resources have a market cap of $941 million and MTL has a market cap of just $519 million, yet we produce 300% more annual profit from our gold than Alkane Resources, that example shows just how cheap MTL is today.

Watched it, must say I don’t like the guy, obnoxious attitudes, reaffirmed what we all expect, gold miners especially ones with growth will do very well, either the market buys them, or they get bought out by bigger fish if the market doesn’t, either way you win, MTL have no intentions to be took over, although if you left it to the private investor in general, he would accept a few pence above the days shareprice, madness, but typical, pennies to pounds opportunity would be lost, Darren already pointed out he would not accept any buyouts, he knows where the value is, monetising our existing assets himself, we just need to go along with the ride.

Took my own advice today, bought a few grands worth.

Gold and silver showing the way, the paper currency's are worth less each and every day, and producing miners are worth pennies today to become pounds in this precious metals bull run, MTL are positioned amongst the best, golden opportunities.

It’s clear we have had huge advancements in La India’s construction, gold at record highs and MTLs shareprice consolidating from recents highs, a base that’s been held back by a constant seller, maybe two or three, but it’s been the case for many periods of MTLs journey, and the same things happens each time, the sellers dry up and the shareprice takes a new level higher, this is an opportunity for those looking to expand their holdings, as when the sellers finish the shareprice will take its next leg up, 25p in 12 months is a certain in my book, so take advantage why you can. iMHO

La India is on or ahead of schedual, and when it pours and pays out the CVRs in less than 12 months, you will double your purchases today, top up time for those with spare cash, ignore the value here and wonder why you missed the opportunity, La India is coming, twice the output of Runruno, and decades of reserves IMHO