Member Info for leehardcastle

Hi Darientaylor, on the Q1 numbers for both companies, checking the current market caps for both companies:

CEY making 105k ounces with a average AISC of $1275 and a market cap of £1470 million.

MTL making 23k ounces with a average AISC of $1150 with a market cap of £117 million

We produce about 1/4 of the profits CEY produce but are market capped at just 1/12 th

So MTLs market cap needs to increase 3 fold to equal CEYs market valuation.

It blows my mind how cheap MTL is, but I couldnt be happier knowing the cream will always float to the top, just enjoy the ride.

We held onto 1540 ounces of gold produced but didn’t sell, that would have made another $3.1 million free cash flow to those results, if they had done that they could have made nearly $25 million in just 1 quarter, from a gold price more than $250 dollars lower than todays.

On that basis going forward 2024 is set to exceed $100 million profit, the numbers are amazing, and from 1 mine, Darren Bowden (Mr understatement) already has the second mine in hand and has expressed in recent interviews he wants multiple mines, multiple incomes and a £2 billion market cap, who knows what’s achievable from a man who consistently under promises and over delivers.

Debt free producing a 23k ounce gold production quarter and all at a gold price $250 dollars lower than today, AMAZING, can you imagine the next set of results, the press and media will bring this success to a wider audience and maybe we will align to some sense of fair value for our fantastic position, happy days all

Amiga, it wasn’t an issue at all, Nick Candy is MTLs largest shareholder with 918 million shares, he did have around 50 million more and it looks like he made a deal outside of the market and someone purchased £2.5 million worth of his shares, some here made out he was bailing out, the market maker took advantage and dropped the price 10% in a day only to see it rise back over 12% the next day when the drama was evaluated, know one knows who bought the shares, it could have been a family member for all we know, but they were not sold through the general market.

Do some research, Q1 results next weeks will tell you a lot about where we are at financially and what we produce quarterly, and we have 4 years gold remaining in this mine at 1.29 g/t average.

The Abra tenement aquisition may get a mention, it’s the first of our expansion plans and the purchase for $1.6 million is being put to the shareholders in June.

Gold Rush: any chance of a copy and paste?

Q1 Results Monday and they will be good, shame for those yesterday, lesson learnt hopefully, hold your shares tight, they have the making to make us proper wealthy, that's a Yorkshire term.

That’s my point Tygra, that news makes no jot in reality, only sentiment, and the market makers play on the news that effects sentiment, the drop in price was on low volumes and over egged by the market maker, he has now taken loads of cheap shares and passes them on to others today and it’s business as usual, the ones effected have only them selves to blame, sit tight, value your shares, hold onto them because MTL is cheap by all metrics, day to day movement is not important, step back and look at the 3 year chart and remind yourself why you hold in the first place, that’s my advice.

Nothing has changed, it matters not one jot to me why Nick Candy sold a few percent of his shares, it took a private deal and someone with deep pockets to take those £2.5 million pounds of shares from him, that entity obviously sees value in MTL at 5p

The important things that matter to me are we making profits? That answer is clear even without the Q1 numbers, because we paid off the last $19.8 million of the loan in 12 weeks, at Gold $250 an ounce lower than todays value, so I can guarantee you all that the Q1 numbers are excellent, and Q2 will be better again, so that and expansion plans are all that matter to me, if Tygra sold out or top sliced (I have a feeling that’s the case) then that does not effect me, or any one else.

The clear profits are flying in at $1 million every 5 days, just relax and let that fact filter through to the shareprice, we will bank more in the next 4 years than our current shareprice, if you cannot see value in that alone then maybe MTL is not for you.

Market makers have had a laugh at those today, 50 million shares is a small fraction of his holding, he still has 900 million, and you can’t off load 50 million without a buyer, a £2.5 million pound buyer, a entity with massive pockets and obvious confidence in MTL, it’s not a sound reason for letting go of the best Gold stock play by far, the results will show the money being spun and the market maker will make you pay hard to get them back, just sit tight is all you have to do, patience, the best to come is here and in front of you.

Good to see he is still here, I wonder how many of us have seen the break through? I see around 20 different posters who you could say have a LTH status, I have been invested 7 years in MTL, who can claim longer, I think Mac must be one of the first here and holds 33 million shares if my memory is correct?

Who can claim longer unbroken investment in MTL?

The U.K. debts at 2008 were £0.5 trillion, today it’s £2.7 trillion, more than a 5 times increase in just 16 years, it’s rising faster and faster and your savings in pound notes shrink at the same rate, it’s that simple, and the smart people are buying gold and silver, I personally have moved 80% of my wealth into MTL a gold producer and Silver coins a physical asset.

I do not trust banks, I think it’s only a matter of time before some go bust and once they do it will be a scramble to safety, Gold and silver, the prices will go exponential, MTL are poised to capitalise when that happens, cash generative and our Q1 results will cement that fact.

Ignore his ignorance boys and girls, even the American banks have estimated between $2700 and $3000 dollar gold this year, why? Because they have lost control of their debts, so has the U.K., The USA debt grows by $1 trillion every 100 days, the interest alone is $1.6 trillion per year and rising, it’s a runaway train and all they can do is print currency to hide the problem, holding precious metals is your only chance to not have your savings obliterated, holding shares in a company like MTL is like turbo charging your gold investment.

We have seen nothing yet, gold will continue to rise and it won’t be a straight line, but it’s going higher, don’t be fooled by little pull backs.

In the real world Gold has risen 24% in the last 6 months, MTL has an AISC of half the current $2382 gold price, so profits as a result are up 48% in the last 6 months as a benefit of such a massive price increase.

$100 million clear profit before tax is now a reality.

$100 million per annum profit before tax was a dream but it’s actually just become a reality should gold stay at these levels, as a business owner myself, its tax efficient to spend profits as opposed to banking them, on that basis spending on future mining incomes leverages our future incomes and reduces taxation amounts, win win for MTL.

The report has the headline figure grabbing figure correct, but the rest of the report is utterly out of date, high debt, shrinking incomes etc, imagine how it will read half way through 2024.

Cash in the Bank £20 million, zero finance, Abra Tenement aquisition completed, Initial drilling results are? now that will be a report worth reading.

That made me laugh carefree, long term holders know the truth, newly invested or those looking in are effected though, but Nesmoor is correct, chat boards where they bicker turn me off and I spend 5 mind reading and move on.

On another subject, Roy? where are you? I'ts been a while since he posted, not a young man so his silence has me wondering, was a massive holder here, I hope he's still with us in both meanings.

You’re right Nesmore, it’s difficult if they post lies to not respond, looks like he’s removed the post already, so it’s not totally wasted time.

Must say the 95% who post here offer great insight and I for one love the community formed here, of which has and will keep us well informed on our fantastic investment opportunity, so much to look forward to and have never been so relaxed as I am now holding MTL.

To clarify, $171 million paid down to clear the company loans over the last 4 years, debt free status reached late March 2024, debt free now and profiting from $1/4 million per day.

Any one else need factual information?

Oh Gold at $2360 ;-)

More lies, production for the remaining gold is 1.4g/t down to 1.2g/t averaging 1.29g/t over 4 years.

I noticed you like Centamin CEY.L as a gold miner, one of the few posts you have made that’s shined a decent light on a company.

They produced about 5 times the gold we did last year, produced about twice the profit and yet have a £1.44 billion market cap, 14 times MTLs, yet you see that as a good investment? PE of 20

Obviously one your not shorting.

JWBellamy….have you at least watched that video yet? then if/when you have, can you explain why you say the mine has 2 to 3 years, when the CEO clearly states 4 years with a few months additional,

I look forward to your next response