Member Info for leehardcastle

Darren stated we would be at full production speed in Q4, so testing and ramping up will be Q3…no doubts for me.

Great video, that’s rapid progress since the ground breaking ceremony, first class company in motion.

And let’s not forget, whilst La India builds our support engine at Runruno is set to produce record profits this year, 70k ounces plus at these gold levels will blow away 2024s record incomes by some margin, average gold price a good $1000 higher this year, the MTL savings vault will bulge along side these impressive mine building works.

Hold onto your shares.

Consolidation to the shareprice is complete, those looking to exit on the recent rise have had their chance, the new money and the smart long term holders know we have only just started, I cannot fathom how cheap we still remain, each RNS cements that La India is happening, and more importantly on or ahead of Darren’s promises, at $2500 FCF produced from every ounce, the maths is mind bending, 145k ounces annual production is $362 million, with enhancements to the processing plant, La India can produce 185k ounces per annum or $462 million FCG…….thats one year….we have 12.4 years proven and expectations to double that number with drilling, 25 years from 1 mine, $10 billion FCF over La India’s mine life at current gold prices…1 mine, imagine 2 mines, 3 mines in operation.

Hold onto your shares.

MTL had $43 million savings in the vault at the end of June 2025.

Q3 delayed income stream for the 6 weeks will reduce Q3 FCF income from $40 million to $20 million, it’s still a net $20 million FCF.

We have shares in trust that we bought from an ex major shareholder, they cost us $25 million at the time, now worth more than double that amount, and can be sold as and when addition finance is required, but let’s be clear, we do not need further cash to complete La India’s build, we have 6 more quarters cash generation from Runruno, far more than the remaining build costs, La India is designed to produce 35000 ounces of gold per quarter starting Q4 2026, at today’s price of gold that’s $85 million FCF every quarter, part of that 1st quarters income would be more than enough to pay for the Runruno plants alterations to process Dupax ore.

We do not need any further funding to get the 2 plants producing simultaneously, we are self funding.

Have a great weekend all.

Production for 2025 was forecast 70k to 75k ounces, we were ahead in the 1st 2 quarters, but losing 6 weeks in Q3 has put us back to the lower end of the forecast, just above 70m ounces.

It was in the latest RNS.

Gold prices will mitigate any loss of earnings as it’s $700 above last years prices, could still make record profits this year.

When we have 2 large producing mines producing circa $800 million FCF you will have your dividends, using part of our income from Runruno has bought and paid for La India, using part of La India incomes will have Runruno/Dupax operating and a move from $15 million FCF months to $65 million FCF months becomes a reality by the end of 2027.

Remember that income is yearly, we have decades of reserves, we can take some of that profit and get our third income etc etc.

MTL can grow and grow, money makes money and we are in the ultimate position of having in hand reserves, 2 fully owned processing plants and money in the bank with zero debts, oh, record high gold pricing, the future is beyond most investors perception, pennies to pounds is just patience.

Hold onto your MTL shares IMHO

We have less than a year to 1st pour via La India, and with that a minimum 25p share price, the equipment is in country, the team are hired, the licences are in hand, the gold is the ground, so it’s coming, CVRs of 5.5p will be honoured and a clear picture will have developed on our other reserves, when, more than if mining stocks actually become hot to own, and so desirable, you can increase that 25p by some margin.

Hold onto your shares, it’s that simple.

Dupax if it has scale, (Not Drachs)

Drachs has bought 600 million shares or more in the last year and a bit, paid 15p for some of those too, I can’t think of another endorsement that can better that, it’s also obvious in the next year we are about to make profit at the rate of $300 million plus FCF from La India, with the mentioned processing plant upgrades that could be $400 million FCF, Drachs if it has scale of reserves is already noted to produce above 200k ounces gold per year and another $450 million FCF annual income, if the sellers can’t wait for those numbers that’s their loss, if you want a daily rise it’s not going to happen, if you want instant gratification, it’s not going to happen, if you want to be part of a growing gold miner with cash in hand, cash generation, multiple assets, and proven skills, sit back and watch it unfold, it’s all in hand and orchestrated by a genius CEO.

Debt based crises, Trump has massive inflation around the corner, debts to refinance at much higher rates, and to curb it it wants to lower interest rates, he’s an idiot, the collapse is in play and we are about to see gold rocket over the next 12 months, your gold stocks will save you from ruin, mark my word, oh no, Major will reply to my conspiracy thoughts, the market will rush to safety and you need to be onboard asap, it’s about to get truly transformational this next 12 months IMHO

Gold and silver well up, silver smashed through $40.

Miners have only just started reacting to these gains, no one has missed the boat, profitable companies are set to be a once in a life time opportunity, huge gains to had in this sector as the rest of the world slowly wakes up to how cheap they still are.

Brilliant ride thank you, cloud dodging all day, saw rainbows all over but never got wet, visited Whitby and had fish and chips on the way back 👌

95% chance it produces because:

Current Government wants and supports mining with 4 large scale miners currently operating in the region.

La India reserves fully owned by MTL, 12.4 years proven and fully permiited to mine.

MTL have skilled and proven mining staff/CEO

MTL are debt free, $43 million in hand, $150 million FCF per annum from Runruno and 18 months production remaining.

Billionaire investors with proven financial support if ever required.

MTL have impeccable track record success in mining and multiple mining awards to demonstrate said success.

Gold at record highs and set to remain high for many years, possibly decades.

Margins and profits at all time highs for gold miners, especially ones operating in low cost regions like ours.

Processing plant sourced, paid for and already in country, no risk of delays in obtaining such parts.

Skilled teams hired from Darrens working history, skills to be spread by knowledge and experience grasped from Runruno.

5% chance it doesn't produce because:

War in the region.

Political change with a dislike for mining.

Gold price plummets to new lows.

Technical delays are possible, if it happens it's annoying, not destroying, better late than never and we can bank roll delays.

So if you can think the risks listed are real enough to play it safe, that's cool, if you believe the reasons to invest are as strong as I have mentioned, you can follow the bigger players, the billionaires, the amazing CEO, skilled Directors and MTLs proven team, because when La India starts producing you will not get a chance of buying anywhere near the holding you could today, hence why I say I will remind those of todays conversation and the shareprice, I won't even get started on the Dupax reserves, Abra reserves or the expansion of La India reserves, I'm heading for bed, big day riding my Moto Guzzi tomorrow, not bragging I promise ;-D

MTL is my only stock, I also have a shed load of silver and a modest amount of gold in physical form, a little bank savings and a profitable business, 2 houses and zero debt, aged 58 from a very modest upbringing.

Hey, as I said, I will remind you in a year, 30th of August 2026, I will put it my diary, it makes no difference to my outcome what others do with their shares, it’s everyone’s choice, but the 1.45 billion shares in the 3 top hands gives me more confidence where we are going than the slim black swan events of the invasion of the Philippines and nationalisation of Nicaraguan mines, it’s like saying I’m not driving my car because of the risk of crashing, if you live life like that, you wouldn’t ever make a logical decision.

Billionaires and mining gurus are a rare breed, they are 1 in a million, they got there from brilliant minds and following there lead is a better bet than listening to windy private investors, I know who I will take my lead from, I do not try to offend, but that’s how I see it.

Mac is a private investor and he holds 30 plus million from memory, my close friend has 13 million, I don’t ever feel over exposed with 7.5 million, I wish I could afford more every day, that’s the honest truth, MTL are going to be huge in a few years, this is opportunity knocking, remember these words, I will remind you in 12 months I promise.

100%

She couldn't buy till the RNS was out, insider trading rules etc, I always thought she would take 650 million shares and be on an equal footing to Nick Candy, needs 50 million more at market prices to achieve that, she was buying up to 16p before the break, lets hope she keeps the buying going, blow out the last of the weeker holdings and will put us on a much firmer base line. Happy weekend Boys and Girls

£266k to buy them now, or £38k more.

Ah well Drachs will have them, cheap top up for Mrs Evans.

No Slippery, £262k to buy today, £228k was what he received yesterday, so he’s £34k shy of what’s required to buy them back if he wanted his position back, I have a feeling he may have them thoughts today.

To buy back those 2012500 shares I am being quoted 13.03p or £34k more today than he received yesterday, the dream ends.