Member Info for leehardcastle

MTL have the reserves in hand, zero risk on that part, Darren knows it’s just a matter of continue cash income from the established Runruno to bring them all on line, we are heading from a current annual 80k ounces gold production to annual 350k ounces gold production, currently $2000 an ounce profit, I expect that in 2028 we will have $700 million plus FCF, both La India and Dupax reserves being a major increase in gold production, massively higher grades than currently gracing Runruno, but even if Dupax does not cut it for longevity, Darren will still reuse the Runruno plant by bringing in different reserves, or move the plant to another site, either way that will be our second mine over La India, and we have the incomes to do either option.

The market has woken up to MTL that’s been hidden from the mainstream, but it’s in plain sight now, FTSE 250 clearly in view.

Hold on to your shares, this is the beginning, not an end.

Q2 results next.

Dupax drilling update

H1 results

Processing plant in transit

Processing plant assembly starts

Abra tenement gains licences and drilling starts

Dupax drilling results

La India construction updates

Additional reserves updates at La India

Possible new acquisition's.

Lots and lots to look forward to whilst we wait for the near future to become the present.

I would say that signature is already signed, it’s just not worth an RNS as it’s one piece of paper in a very busy work schedule for Darren and his team, it will get a mention at the Q2 results.

Concerning Dupax in his last interview, Darren used the term “we start drilling in July” that was a definite rather than a maybe, Dupax already had the drill rig onsite, so I reckon it’s in use already.

It’s a huge plus if it proves to be a large deposit, all though I feel Darren has an inclination towards that, gut instinct, he’s drilled both ends and the middle of the 9km stretch and it’s proved positive, it’s more of has it got width and depth? Find out soon enough.

Thanks guys, I’m up for a party, Surrey offered the first one.

I’m confident Darren will pay the dividend in 2028 based on he mentioned it, and that it grows a share price instantly, if the share price was say 40p before dividends are announced, and he pays an annualised 4p or 10% of the share price, investors looking for income will buy into the company, as 10% is very generous, the share price lifts to 50p and the dividend drops to 8% but is still seen as a strong income, at a 60p shareprice it’s still 6.66% and that is about fair.

So dividends lift the share price and offer an income without reducing the slice you own of the golden goose.

I don’t see any takeovers, Darren was very clear on abstaining from such ideas, he is the man to keep happy.

I see Drachs increasing her holding to match Candys and so she has another 56 million to buy, via the general market that is slowly becoming hardened to selling, so I see the share price rising above 20p for her to achieve that goal.

Great to see such positive thoughts on MTL, I hope we can all hold on, the real growth is certainly ahead of us.

IMHO

The gold price is only going higher, this bull run is in its early stage, forget what they print as it’s always miles behind the curve, it’s going higher for one simple reason, it’s debt, the world has lived on an ever ending supply of funny money, printed as required, and the dollar has lost 98 to 99% of it purchasing power in the last 60 years, gold is just the inverse to that, the dollar looses purchasing power as its supply is increased, and you need more of the funny money to buy the gold, it’s that simple, Trump being a nutter is helping fuel that weakening dollar, but it would have happened who ever was at the helm.

MTL don’t need $3300 dollar to be massively profitable, but it’s a huge bonus and offers endless expansion possibilities at much quicker intervals.

I personally see a jump to $4000 in the next 12 months, the rate at which these world wide debts increase is now at a point of no return, low cost debt is history, and inflation (money printing) is here to stay, MTL will be one of a few major beneficiaries, so stay with it.

If you wanted to trade MTL the time was at 15p, but it was risky as I know many thought the same at 11p and 12p and 13p and 14p and MTL ran through them all leaving traders watch the ship sail away,

Can you trade MTL now? no, your too late, it’s market makers creating a market, bring it down and start the climb higher again, your trying to gain a penny and could lose a £1, it’s not worth the risk, your letting short term speculation get the better of long term real wealth creation, those PIs selling are being bought by much bigger pockets, why? Because they will sit tight and wait for the 50p, the £1, the dividends, and as usual the PI will have made a fraction of their gains, because we let emotion and fear rule our heads, when the maths should do the work, Darren Bowden has done the maths and he hints about $2 billion market caps, he knows that money makes money and we have money, we have the resources in our hands, the licences and the proven skills, all during record gold pricing with analysts and banks agreeing golds to go even higher.

If you can’t buy then leave your shares alone, it’s the smart decision. iMHO

We look at the shareprice and when is it time to take some off the table? 15p, 20p, 25p? But let’s think why would you let go of a golden goose, we know the future plans and what they generate in terms of cash profits, we know La India can generate over $300 million alone per year, we know Dupax (or alternative gold reserves) will reuse the Runruno processing plant, that’s to generate $100s of millions per year.

So basing selling on a shareprice value of 20p, 30p, 40p or 50p and waving goodbye to your golden goose is giving away the dividend income of say 3p, 4p, 5p you get every year, 20 years gold reserves pay you 60p, 80p or 100p on that basis respectively and you still have your shares at what ever value they are at that point in time.

We know our incomes currently exceed $10 million a month, and we know the future that will be multiples of that per month, we know that we have decades of gold reserves in our hands, we know Darren will not just bank it, we know he will continue to grow MTL with part of that income, 2 mines to start, 3 mines, 4 mines are all feasible in the next decade.

Forget the penny rises and look at the much much bigger picture, we are heading to infinitely bigger plans and multiples of today’s values with long income streams.

Don’t be letting go of your slice of golden goose for short term gratification, I know in my bones you will live to regret it IMHO

I joined the club by the way, nice milestone, on the subject of Roy (Hopeful-retired) I think he sold out, back in the under 3p range, not heard from Les, although I do have his email.

That’s a reality, if you think you’ve sold out at under 12p was a good choice, and have to deramp, good luck with that, foolish choice IMHO

Not quiet there yet, but I’m joining the club very soon.

The big money knows it’s become a smash and grab to get hold of more stock, Drachs was given a huge holding cheap, those sources have dried up, Candy, Mellon and Treasury shares have all been responsible for allowing her in cheap, but now she’s had to turn to the market for the rest, and it’s about time, she has to tease them off private investors, it’s working, 11p 12p 13p will all pass by, keep hold of your shares, the $2 billion market cap prediction from Darren Bowden is realistic, don’t forget, that’s the shareprice prediction, remember what 20 years of dividends pay on that shareprice, 5p dividends make cashing in at these prices look silly, 5p each year, 20 years, do the maths.

This is the beginning of vastly bigger wealth.

Report says the end of 2025 for an 18p target 👍🏻

(Looks like my 1p per month shareprice increase statement is backed up)

Hold onto your shares, load up what you can afford time IMHO

AAZ a smaller gold and precious metals miner went from a share price of 4p to £170 plus in a few years based on less gold production than Runruno, it paid dividends, this also happened when gold was half today’s price, MTLs price movement is nothing but the start of a long long overdue correction, it’s the start and is not time to be giving them away, IMHO

I did say 11p was a passing point, it’s clear the big money knows a little more than we do currently and it’s buying everything us private investors let go, so don’t let go, and why wouldn’t you buy if you had

$Billions and the future was 50p plus and decades of dividends.

About 1p per month shareprice increase to date, and I see that continuing around that pace till La India gets to production, estimated 25p MTL shareprice by Q4 2026, although Dupax drill results proving to be a positive with a definite go ahead decision would add fuel and increase those predicted gains substantially.

I know Major still thinks Gold is running at higher prices than is sustainable, and that MTL don’t need such levels to do very well, I agree we don’t these levels to achieve success, but I 100% disagree that gold is at a high level, it’s taking a breath before heading to levels much higher, it’s not me wishing that, it’s because the facts support it, Trump is about to ask for another $5 Trillion increase in the debt ceiling, he knows he needs it just for his term, and it’s why the dollar will lose even more value and it’s why gold will continue higher.

Now the effect for miners is transformational, and yet the market hasn’t worked that out, it’s a slow catch on story, but we involved now are aware and ahead of the market, so stick with it, this is the start of much much bigger gains to come. iMHO

Well the gold average price for Q2 is around the $3260 mark, so that’s about $600 higher than the Q1 numbers.

20k ounces gold sales could make $65 million before costs, equates to a $12 million extra profit margin over Q1, that’s the reality created by the sustained higher pricing, some say we don’t need $3300 gold but it’s already had an effect, and I believe it is here to stay and will increase from here, MTL are producing much bigger incomes from Runruno than Darren had possibly expected, and it’s giving him so many more options than even he expected.

Just 3 weeks for the Q2 report, should be a nice read.

Darren did say drilling Dupax starts in July on the recent video, so MTL must now have the paper work in hand, the way he put it wasn’t a when or we should start, it was we start in July.

Dupax is low hanging fruit, and the easiest path to reuse the Runruno processing plant, but other options are in his mind, he just can’t release details at the moment, that indicates to me a deal is being struck on another gold source, belt and braces tactics.

Dupax will produce more gold than La India, the grades are that high, all we don’t know is how much scale it has at the moment, but drilling starts this month, Darren said he doesn’t need to drill many holes to confirm that .

Dupax will double our share price over La Indias production re-rate.

That’s why we are so exciting, La India alone has us at $1 billion market cap, Dupax will get Darren his $2 Billion wish.

Hold onto your shares, big money is taking them off us cheap, MTL is crazy cheap and the big money knows it.

IMHO

11p today is just a passing point, its reasonable to expect a 1p per month increase from now until La India pouring, Dupax being a green light confirmation will just add momentum on that, hold and add if you can afford, the risks are small by comparison to the huge upside, my shares are held tight and will not be risked profit taking early for lack of patience and will power, it's fast becoming clear we are onto a blinding winner by Drachs and the wider market, Darren couldn't contain his excitement, he knows what we can really expect. IMHO