Member Info for leehardcastle

Panicked into selling £220k more like, crazy how the dream ends on a small hiccup, 100 things are right and 1 thing goes wrong and panick selling erupts, next day back up and scratching their heads.

La India is coming next year, hook or by crook, Darren will try and demonstrate he’s better than his word and better his timescales, producing twice the gold output we have had the blessing of from Runruno, all the parts are in motion, and holding strong is all that’s required, mess at your peril, we have the golden ticket in our hands, don’t mess about with it IMHO

MTL have won the top mining awards for 3 years in a row in the Philippines because they have improved the environment, and improved the economics of the local population, creating schools, medical, roads, reliable power etc etc.

Illegal mining was a major problem before MTL arrived, we had something like 800 illegal mining teams on part of our reserves that Darren had to politely remove, working with them as planned is a major improvement to the locals environment, as they won’t use heavy metals and toxins in the water stream, but instead use the correct small scale processing systems.

Darren is using the same formula learnt from Runruno at La India.

Of the top 10 best performing investment funds this year, 8 held gold stocks, so it’s not hard to see how this years investment fund managers are going to copy last years success and buy well managed award winning gold miners.

Financial Times is not a place to read about gold and gold mining, very biased and completely got it wrong in 2003 with an article saying “going going gold” when it was $400 an ounce, saying it was worthless in a modern time, utterly got that wrong for readers.

As we get excited about Dupax, we have in fast progress the La India mine that’s set initially at 145k ounces per annum but with a few upgrades 185k ounces possible, now on the annual $300 to $400 million income expected from late 2026, we should be very excited with what we have in bag, let’s face it, it’s 12.4 years proven and could double that time scale with more drilling as Darren is confident in the reserves being much bigger than CNR could afford to prove up at the time, our share price is not even close to where it should be on that resource alone, Dupax will be like putting petrol on the fire, sending it stratospheric, I’m in the camp it’s more likely than not knowing Darren tends to mention things when he’s only sure of coming off IMHO

It’s a delay in income, not a loss of income, other than additional costs to test for cyanide, this will lead to a bigger and longer final quarters production in Q1 2027 at Runruno, if money was tight it would be a problem, but as we had $43 million in the vault as of end of June, it’s just an irritant, top up time for those with cash.

Agree with that prediction, by end of the year Darren said the La India mine build will be 50 to 60% complete, Dupax will have revealed her bounty and gold at $3800 would be a cherry on a very nice cake, it’s amazing how quick time passes, we have under a year from a producing La India, in the mean time we continue to produce $1/2 million FCF daily, more than enough to increase out vault savings whilst getting the build to 100% completion.

I also believe gold and gold mines have the chance to turn from of little interest to the must have investment, the vastly increased earnings for goldies are catching attention, so FOMO hasn’t had any effect as yet, but it will in time, pension fund managers will have to explain why they didn’t invest in gold when it was the best performing asset of 2025.

Long term 100%, Gold and Silver having a good day (-;

LSBM, we don’t need and borrowing, as we generate $15 million FCF per month currently, the Capex spending for La India is already part paid for, and the Dupax Capex costs can come from the profits made via La India, that will be in full swing in Q4 next year, that’s $30 million per month, as well as profits from Runruno in its last quarter, we could easily make $100 million in Q4 2026 alone from double bubble incomes (La India and Runruno) are you looking to invest?

Makes absolutely no difference day to day unless your wanting to buy more, or was wanting to sell down your holding, if your holding for the bigger company and shareprice that’s coming, it’s only white noise, 50p and dividends in 2028 is coming for those with the patience and foresight.

Loving life, just for interest, how many have you sold?

I can demonstrate it another way, I believe this will be fact, Darren Bowden, Nick Candy and Mrs Evans will hold their combined 1.45 billion shares intact till and beyond dividend day, so why shouldn’t you? Follow the money.

I’m in, never let go of a single share, because it’s clear as crystal where we are heading, in out shake it all about is a recipe to disaster, it’s a little sad but I predict 90% of holders today will have reduced their holding significantly before the dividend stream begins and wonder why they still didn’t hold what they had back in the day, be part of the 10% who holds the course and maximises their investment, dividends are a genuine source of income without killing your golden goose. iMHO

Darren mentioned the grades in a Crux video, he said that grades of 15.7g were present, and that the grades were not an issue, it’s the scale of the deposit he wants to know, hence the drilling, Runruno has never had higher than 2g/t grades and have averaged about 1.5g/t through its life of 8 years so far.

Dupax is a huge game changing income stream, I am confident that Darren will use the reserve even if it a just a few years in size, but the news that it could be huge is what we hope for.

DB mentioned in one of the videos he made that he believes the grades are as high 15g/t in places, so he estimated 2 to 3 times incomes blessing us currently at Runruno, that’s 160 to 240k ounces, we know La India has an expected 145k ounce annual production, we know he mentioned he can increase that to 185k with a few modifications, so Dupax can be making us cash Q2 or Q3 of 2027, allowing 6 months to modify the processing plant once Runruno reserves are used up in Q1 2027.

I think the 5km road build currently in progress is a clue to what’s expected at Dupax, I think Darren knows it’s has a few years reserves even before drilling, it’s more is it 5 or 10 or more years that the drilling will tell us.

Dupax will put a rocket up MTL as doubling incomes that La India’s produces, that double incomes currently made is eye watering numbers, quadruple today’s profits is more than possible.

Hold onto your shares, they will multiply today’s selling price in the medium term, IMHO.

Bull run for good reason, Q3 average gold price is over $3350 so far and we are over half way through already, Q2 averaged $3060 so we currently benefit from a 9% increase to date.

It was a low key fact that we have managed to bank $43 million whilst spending to buy the Condor gold company and progress building the La India mine, it’s becoming clear we can increase savings whilst finish building La India in the next 12 months, possibly sooner, an amazing achievement and credit to Darren’s skill and strategic prowess.

US debt at the end of the 2nd world war in 1945 was $1/4 Trillion, by the 1973 is was still under $1/2 Trillion, and fast forward to today its $37 trillion, its not just the last few goverments to blame, it's the removing the gold achor in 1973 that created this problem, letting them print prosperity, but its like having a large 5 bedroom house, 2 Mercedes on the drive and a £30k wedding photo on the marble fireplace, it looks great, but if its all borrowed and at increasing interest costs, it's all nonesense, its not real wealth, its just show, that's America, it's credit card is maxed out, just current interest this year is 4 times the total debt in 1973, it's a runnaway train, Trump can not stop this train, he talks a good game but its beyond any mans abilities, so he has risen the US national debt ceiling and he will use every last cent of that until he goes back to ask for a new higher level ceiling, the US is broke, if it was a business it would have folded a long time ago, so would you lend a broke business money? hence the selling of American debt and the run to gold, real store of value.

I'm not a gold bug, I'm a realist, and I can see what's unfolding, we are lied to and the average man accepts the lies, but you accept at your own peril in my view.

Typo, should have read "because we know the US debts at $37 Trillion are unsustainable, $2 Trillion a year in interest alone"

There was a reason why the world historically used gold as the world currency, because of golds inherent properties, it can not be manufactured, it can not be destroyed, it is limited in supply and interestingly as we find more we still have about the same ammount of gold above ground per person as the world population increases, and it's the same reason why it has to be used again as an financial anchor, paper notes we carry were promises to return the holder of that note the same value in gold, redeemable at will, and that system worked perfectly for centuries, until the US overspent in the 70s overspent to fund war and printed money to buy what they could not afford, thinking there was no downside, but when the owners of those notes wanted the gold back, there was more notes than gold and the US goverment suspended that promise, they defaulted in reality, and if the US goverment can print money from thin air, so did the rest of the world, and it's the reason for increased prices in FIAT, the nature of supply and demand, when there is more FIAT per ounce of gold, you need more FIAT to buy that ounce of gold.

That is as simple as it can be for me, because we know the US debts at $37 Trillion are unsustainable, $2 billion a year in interest alone, no sign of that debt ever coming down, and so they are forced to continue printing money, and the world knows it's a runnaway train, and as such the value of gold that is limited in supply needs more ever decreasing in value FIAT to buy that same ounce.

The world will not implode because gold is worth $4000 or more, it will be worth $4000 when the supply of FIAT reaches the level where you need $4000 worthless promise to buy that ounce.

I sleep like a baby because I understand that priciple, I know Gold is only going higher long term, we all have the choice to hold paper money, but the fact remains it will continue losing purchasing power quicker than your savings will accrue.

Inflation figures are manipulated, to keep us happy getting poorer, the 4% wage rise looks OK when your being told inflation is 3.6%, but we know real inflation is 10%, you only have to look at what prices were 5 years ago and look at them today, £30k cars are £45k, £7 Toby carvery is now £12 etc etc, but the goverments feeds us the low figures and we continue the path of slowly getting poorer and poorer, taking on more debt to get by, so protect yourself, know one else will. keep your savings in Gold and if you have an appertite for risk, invest in the right Gold stocks.

My honest opinion and I am not ramping, I am not preaching, its just how I see it, and it helps me hold my course.

Major, Gold is at its current levels on its own merits, it hasn’t risen on expectations of tariffs, so it won’t react negatively when the Trump tariff nonsense doesn’t pan out to be anything, stop scare mongering, Gold is where it is on its merits, and will hold or rise as dollar debts increase, that’s not finger in the air guessing, it’s just economics.

Darren made this known to me for the first time, any one notice it in the RNS today?

The Rock Creek Plant, a fit for purpose gold ore processing and concentrating plant (including crushers, conveyors, grinding ball mill, Sepro Falcon gravity circuit, carbon in leach (CIL) circuit, elution and smelting equipment and laboratory), and certain related assets, were acquired for a purchase price of US$9,700,000. The La India process flowsheet has been designed such that the Rock Creek Plant will be able to process up to 1.4 million tonnes ("Mt") per annum, with additional built-in potential capacity to be upgraded to 1.8Mt per annum.

That’s a big upgrade.

Darren only lets things be printed if it’s something he’s likely to implement, the 145k ounce production can become 185k ounces with this upgrade, that another $85 million FCF per year at current rates and predicted AISC.

Just another thought, with Q4 looking solid, we can expect a double bubble 2026 Q4 revenue stream, a drying up Runruno 2026 Q4 of 15k ounces and a steady 2026 Q4 35k ounce La India will have us a 50k ounce gold producing quarter, $110 million FCF at current rates and predicted AISC, huge numbers.

Great to see we are ahead of schedule, not unexpected IMHO.