Member Info for leehardcastle

Interesting fact, every $15 dollar increase in the gold price is an additional annual £1 million profit for MTL.

Happy days :-)

Hi William, if you look at the 2024 Q3 update RNS, we have poured 65k ounces of gold in the last 9 months at an all in sustained cost (AISC) of $1088, so at $2730 dollar gold (todays price) we make $1642 ounce profit per ounce.

So 65k ounce of gold divided by 9 months is 7222 per month @ $1642 profit = $11.889 million or £9.122 million at todays exchange rate.

Hope that helps

Darren Bowden has made it clear that they know exactly how to run a gold mine, he’s that confident he can replicate Runruno anywhere, with the added bonus that MTL have won awards for the mine, he’s also knows he can get the licenses in the Philippines too.

With the current equipment 100% paid for the costs to relocate it are tiny by comparison to starting a fresh, so the next mine will be vastly cheaper to develop, we know the Abra tenement is our next target but we have so much cash generation it would be great to see another investment opportunity purchase as well, he did say he wants to be the biggest mining company in the Philippines, turning a near bust Runruno around is enough evidence he knows his onions.

This Gold bull run is at the start of its journey, it’s a long way higher to go, I’m stunned how MTL investors are selling when they can see the trend, on that basis I dug deep and found another cash 100k shares this morning, I honestly cannot fathom how cheap MTL are?

When I say £9 million profit per month I’m not exaggerating, £108 million profit per year and a market cap of just over £90 million is the gift of a lifetime.

We’ve had a 50k share seller banging out little sells for a few day now, like a machine gun, definitely a private investor taking profit, must say it’s a great time for those wanting entry into MTL, the best is yet my to come, we are a rising trend and yet to fully show any real signs of the fact we have an ever rising new record gold pricing.

An interview from Darren Bowden could land at any time, the last one had a huge effect, I’m sure this one will be the same.

The party hasn’t started, it’s at the start line again, we dipped to going bust levels because we were bust, but as we know the major shareholders financed us out of the situation.

The first day we actually started putting soil into the trommel we had $81 million debt to HSBC, a £110 million market cap and gold sat at $1200 an ounce, today we have $11 million in the bank, a £94 million market cap and gold at $2720 an ounce.

We are in another universe yet we have a lower market cap, all risk evaporated, an amazing CEO, an award winning mine, gold at record highs, yet we are so unknown to the wider market we have never really got the shareprice going, but the massive cash generation ($10 million per month FCF) cannot go unnoticed for ever.

I think we are an absolute bloody bargain at current prices, 10p by Xmas is still my prediction, Darren Bowden has the capacity to take his proven skills to multiple mines and multiple incomes, something he said was his goal back in February, along with a 2 billion market cap, a huge re-rate is long overdue.

Based on Q3 numbers we now make £1 million pounds every 3.3 days at the current gold price.

Hope that puts perspective on how much we are cashing in at these levels.

Over $2700

We are currently making $1600 Free flow cash from every ounce, massive cash generation in play

Evans bought 100 million @ 6p

That tells me more than anything, my 7 million holding is going no where, my friend has 11.5 million and my brother holds 1 million, all of us made an agreement to hold for dividend and assess then.

if you want to sell some just sell 200k chunks, you will have no problem.

Share prophets have written again about MTL, does anyone have access and if so what have they mentioned? Interested as they own shares.

2 1/2 years life of mine remains at MTLs Runruno and we make $1 million FCF every 3 days from it, the Abra tenement is going to be the extension we need beyond those 2 1/2 years, but in the mean time we have a possible $300 million FCF from Runruno.

The Anglo Asian Mining is loosing money every day, it’s having to borrow money to survive, taking 2 months to produce what we produce in 1 week, its valuation is what the market sees its worth, but my point is we are unbelievably undervalued, a massively coiled spring and with patience and some company exposure its going to release that spring.

A huge re-rate is more than due.

Just as a comparison for a gold and copper producer that I have followed for 8 years, actually invested in 2017 but sold to buy more MTL shares, Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £128.52 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of -3.17.

They have sold 8310 gold equivalent ounces in the first 9 months of 2024, after having lost production for various reasons over the last year, borrowing to survive with debts of $14 million and climbing, yet they have a market cap of £128.52 million.

How are we still under £100 million market cap producing 65k ounces in 9 months, no debt, £10.9 million banked and proving up another asset?

They make a great read, if you liked the income at $2396 gold then this $2650 plus gold is what dreams are made of, over $1550 dollar an ounce FCF as we speak, and now it’s all heading to the safe, over $30 million FCF quarters to come.

A rerate is due and the results from the Abra with a decent presentation will ignite that rerate, patience is all that’s required from here.

A big thank you to Darren Bowden and his amazing team.

Share price Angel Morning View:

Metals Exploration (MTL LN) 5.6p, Mkt Cap £96m – Record quarterly gold revenues and FCF

• The Company reported 3Q24 production results posting record quarterly gold revenues and FCF.

• Runruno production came in at 22.5koz at reported AISC of $1,129/oz (3Q23: 22.0koz at $1,055/oz).

• 9M production totalled 65.1koz at $1,088/oz.

• YTD AISC are trending below FY24 guidance for $1,175/oz.

• The plant performed well treating 521kt at 1.51g/t and recovering 89% of gold (3Q23: 483kt at 1.60g/t and 89%).

• Quarterly sales amounted to 21.9koz with realised prices of $2,396/z (3Q23: 22.0koz at $1,926/oz).

• Quarterly revenues hit $53m with generated FCF of $28m (Q323: $42m and $19m).

• The team is expecting to start exploration drilling at identified targets at the recently acquired YMC Group licenses in 4Q24 once government approvals are secured.

• Through its pre-exploration surveys undertaken since taking ownership, the Company has already identified several additional drill targets from soil geochemistry and airborne geophysical data.

• The Abra Project (97% economic interest) covers 16,200 hectares approximately 200km north of the Company's Runruno mine.

• The Company held $10.9m in cash and no debt on the balance sheet as of 3Q24 end.

• Closing cash balance accounts for $25.4m spent on buyback of RHL shares during the quarter.

Stunning numbers, 1.51g/t gold recovery, increasing from previous quarters, amazing.

The Abra has historic drilling results, as I mentioned before Darren didn’t buy this blind, new drilling imminent with gold and copper targeted.

I look forward to in-depth results and surely an interview is worth doing to spread the word of MTL and its undisputed success.

The 1.63 million shares traded on Friday means nothing to me as I’m invested in MTL, I’m not trading it, I’m collecting its shares, with the goal of either 2 outcomes, a company buy out at a much higher price than todays, or the start of a dividend income from the vast profits I believe MTL will make.

We produce gold and I wanted to invest in gold as a hedge to the world governments abusive money printing, since 1971 the dollar has lost 99% of its purchasing power, whilst gold has lost none of its purchasing power, an ounce of gold in 1971 cost $35 or a months wages, now an ounce costs $2650 or a months wages, it’s held its value, and will continue to as the government money printing continues, MTL will thrive in an ever rising gold price, so holding its stock is all you have to do.

Very happy LTH point of view.

Coming from someone who managed to sell out saying it’s hard to sell out makes me laugh.

Any one who sold out is possibly regretting so as it’s clear we’re at a reflection point, and unless they purchased MTL shares more than 7 years ago, the price is either matching or exceeding their sell out price today.

It’s embarrassing for those making excuses why they sold out, because it’s clear those who have held have made a wise choice, and it’s about to get a whole lot better, sour grapes for those not holding who did hold will certainly continue, but sour grapes don’t make you wealthy, I think MTL will.

Oh, Gold has closed up on last week’s closing price tonight yet a few keep telling us it’s crashing.

Q4 numbers are off to the races already.

Q3 any time soon. Have a great weekend

Drachs Investments No3 Limited

317,532,143

18.37% holding

6p paid for the last 100 million shares is all you need to know, coming from those who already know.

Lots to find out this month.

She has spent £17 million on MTL shares so far, that’s a serious intent, 2 tranches also tells you she’s not regretted the 1st, no buyers remorse, she wants an even bigger slice of the pie by buying the other 100 million, I think she knows a little more than the market and us. Great times ahead.

I think 6p paid for 100 million should be clue enough to hold on, don’t think everyone reads this or ADVFN before making decisions.