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Explained by Darren Bowden in February 2024

Let me remind those of Leo_IX who sold out here at 1.85p and asked how I could sleep at night holding 5m MTL shares……. Well Leo since your post I increased to a 6 million holding and sleep very well, I bet your having nightmares letting go of the most undervalued gold stock on the market, at 4p that statement still stands, you could sleep too if you were to get back on and enjoy the long overdue re-rate on our market value.

It’s quite simple, 1p increase in MTLs shareprice is worth £13 million to the billionaires 1.3 billion share holding, they just need to enjoy the ride that’s coming and Darren Bowden who’s employment was of their making is the driving force.

I too have learnt similar things, I would never invest in a explorer on the basis they found gold, to name one SOLG.L the share price spiked and comes all the way down and nearly a decade later still no production, Early MTL investors suffered the same and I think the time to invest is when they finally begin to process the gold, as you say a decade or so later, unfortunately for MTL, we got off to a poor start because of a lesser experienced management team, Darren Bowden took over 2 years later and proved it just takes expertise, we knew the machinery worked, we knew the gold was in the ground and we knew the grades were good enough, but it took experience and skill to make it work.

My other tip is follow the money, the Candy and Edwards had the most to lose, billionaires don’t get there by losing money, and I had faith they would prop up the finances until we got it right, they organised new management and they financed us over the loss period, and my faith in them kept me onboard through the tough times, and now we are transformed, the Candy and Edwards deep pockets saved the day, and now I know they want to see the company grow along with the shareprice and collect dividends from the 1.3 billion shares they have, let us small timers hang on the their shirt tails, enjoy the ride

There are a few large holders who will know the early period of MTL better than me, but I imagine the 2005 to 2007 period there was a lot of excitement that took the shareprice to the 40p range, but as we know it takes a lot of years for a newcomer to get licences and to raise the funds to become a miner from an explorer, I know MTL like the back of my hand from late 2016, where they were about to test the function of the processing plant, MTL had secured finance of $81 million from HSBC at around 8%, but the gold output for the first 2 years was poor as the plant ran at 50% efficiency, so the Candys who were already the largest shareholder bought out the bank loan and found Darren Bowden, thank god, at that time in 2019 total debt had grown to $130 million at 2 separate loan rates of 15% and 7%, I could take a guess the interest will have been a heady $30 million over the last 4 years, but it’s all in the past by April, debts cleared and making $900 to $1000 dollar an ounce, 75 to 80k ounces of gold expected this year and the following 3 years just from Runruno, but as we know we have the Abra tenement in the pipe line, 20km long plot with historical gold finds leaves me very positive Darren has inside knowledge that we have a long future in that acquisition alone, but the intermediate small scale high grade mining plants may be up and running in the next year or two, spinning up another income along side Runrunos $80 million per annum.

Darren Bowden and the Candys have a great relationship and have made it clear we need to promote the business, expand the business to be the biggest and most successful mining company in the Philippines, forget a £200 million market cap for one mine, let’s use the knowledge gained from Runruno and the immaculate relationship with the Philippines government to become a multi asset mining behemoth with a $2000 million market cap (100p) Darren Bowden’s words not mine.

Gold closed Friday at an all time record high of $2082, Jan and Feb were strong months at an average $2030 but March is off to the races, happy days

Gold price for the first 2 months of Q1 is averaging over $2030 which is $50 dollars higher than the last quarter, $45 dollars higher than our record best quarter, $50 equates to $1 million additional income this quarter if all other parameters were to remain the same, $4 million in a year, just $50 dollars, interesting.

I have a feeling institutional buying in the back ground is currently in play, so much to come for March and April, MTL is THE place to be for the gold mining stock investor, and gold stocks are THE place to be in gold investment, all whilst gold is at the early stages of a bull run cycle, happy times.

Hi Mattjos, I remember you from the days I was invested in AAZ, more or less the same point MTL are in today, about to be debt free, I know you did very well with AAZ, are you still invested there today? I foolishly let go before the massive rise to 173p and learned a huge lesson to be patient when the going is good, I grabbed a profit (120%) then watched it sail away missing out on (600%) and dividends on top.

Good to your incite, I’m positive we about to repeat the early AAZ days with MTL, but I’m even more positive as we are in a better world location with a very ambitious CEO.

About Metals Exploration Plc

Metals Exploration is the 100% owner of the Runruno Gold-Molybdenum Project, which it developed from greenfield to production. The project is located approximately 200 kilometres north of Manila in the province of Nueva Vizcaya in the Philippines, an area which has been known to be prospective in gold and other precious metals since the early 1960s.For the FY2023 the Company announced Record production of 85,194 ounces, exceeding Company’s updated FY2023 gold production forecast of 81,000 ounces. AISC were $1,126 per ounce which was only slightly above the FY2023 lower guidance forecast of $1,120 per ounce. The Company also achieved excellent gold recovery in the processing operations – with FY2023 gold recovery of 88.7%.The Company’s strategy is to continue to focus on further operational improvements at Runruno to lower costs and increase margins – aiming at increasing recovery in the processing plant and further optimising operating costs. The Company is also continuing to significantly deleverage its debt and strengthen its financial position, with net debt at FY2023 now reduced to US$19.9 million and expected to be fully repaid in Q2 2024. The Company is also looking to create a larger and more structured business with multiple mines, which will deliver significant shareholder value through acquisitions within the Philippines and ultimately the broader region, leveraging the Company’s established in-country knowledge, experience, and strong technical team. The first such acquisition was announced in January 2024.

Next results for Q1 released in April, Darren Bowden also released info a debt free position expected for April.

A little bit of info for any new investor, good to have you onboard.

Business as usual, those selling recently is utter madness, why? I cannot fathom the logic, we are literally weeks from transformation, a debt free company with 4 years gold at an average of 1.29g per ton for the remainder of the mine life, $250 to $300 million profit before tax, to be had from this mine alone, A CEO who’s committed to running multiple incomes from additional low cost small scale high grade mining plants and longer term a large scale mine utilising the current equipment to continue from our current mine, the Abra tenement is already in the process of being proven up, and you can bet if Darren is excited about this acquisition, it’s got gold in it, and I imagine gold grades well beyond what we are use to, we are literally at the beginning of a new fresh start, government approval is high, our track record is beyond comparison, “bell of the ball” other miners want to join us, gold at record highs, plant running reliably and beyond design efficiency.

Darren Bowden has much bigger aspirations than one mine, one income, we have the largest share holders on side, strictly no share dilution, we will have a war chest accumulation from April, enough to build what ever MTL desire, no borrowing required, our market cap is utterly ridiculous, we all know it, the market has a lot of catching up, hold tight as the ride is just beginning.

Let’s be clear, MTL has absolutely no right to be in the 2p range, it’s long overdue a correction, so those wanting to get in silly cheap need to take advantage sooner than later, because time is seriously running thin, waiting for a cheap entry? It is already a cheap entry, the market cap is less than 1 years profits, $130 million debt cleared in April, gold at historical highs, and the soon to aquired Abra tenement is already in the pipeline to expanding the remaining 4 years gold in front of us, MTLs bell of the ball in the Philippines and a committed and proven CEO running the show.

No problem, AAZ were literally going bust without an investment or loan and hit a low of 4p per share when a life line was given and they borrowed around $50 million, this is before I invested in the company, but the $50 million got them to a point where they were nearly debt free from gold revenues, and yet the share price see sawed around 30p, a good income for those who had held from the lows, but I was perplexed by the low market cap at 32p of £35 million pounds and nearly didn’t buy the £5k worth because of its poor valuation, but sure enough they paid off the loan the next quarter and it raced to 75p in a few weeks, I sold out making 120% patting myself on the back, only to see AAZ reach 170p 2 years later, so I have learnt my lesson and now I collect and hold, because we are in exactly the same position as AAZ were at 32p, undervalued, perplexingly undervalued, but the facts remain, we are undervalued, a share price worth less than 1 years gold profits, 4 years profits in the ground now, and many more about to be proven up, this is an opportunity of a lifetime, Darren Bowden has basically told us, yes you can cash out from your 1p days if your happy, fine, but the 10p days are around the corner, the 100p days may be a long way in the future, but the 2.5p days are about to be gone forever, have a great weekend, don’t worry about the day to day price, take advantage when you can and look forward to an amazing future ahead of us.

Took another 200k and holding 6 million now, will look to buy more Monday as this has become an unbelievable opportunity, licence to print money, the usual pattern between results is still happening, but I really didn’t expect another chance like this, absolute madness selling at these prices, 100% confident every share at these prices will double in the next few months.

AAZ followed this pattern, I couldn’t understand the low share price at around the mid 30s, talk of debt free next quarter had me scratching my head, lots of selling pressure as I was buying, had me questioning my logic, and once it was announced in black and white at the next results, 75p in a few week, onto 170p in a few years, I regretted not filling my boots as I only took £5k at 32p.

The CEO has just made an interview only days ago making it crystal clear the mine is running like clockwork, they have mastered the process, debt free by April, $2 billion company value ambition, the interviewer perplexed by the current low share price with the amount of cash generated, you couldn’t get a clearer future vision, it’s obvious to me these dirty cheap shares are soon to be gone forever and you should be taking advantage, a few million sells for what ever the sellers reasoning is has not changed a thing.

I think he should pay a small dividend this year because we generate more than enough free flow cash to save, invest and pay a dividend, if he wants to bring the share price up quickly it’s definitely the way to do it, a maiden dividend will hit the news and it attracts many a new investor, as some only buy shares that give them an income whilst exposing them to growth.

Just $10 million in dividends for the year would jack the share price up dramatically, gaining more exposure.

Of course $2200 plus gold will have the same effect, and that’s a huge possibility within a year as well.

300k purchased at 10.36 but not showing yet.

Well that interview was exactly what we need, you can see now that Darren is committed to grow the exposure of our company to the masses, he definitely wants to grow the undervalued share price, the interviewer made a comment about how cheap our market cap looks with the cash we are generating, $70 million free flow cash at average grades of 1.29g for the next 4 years is reassuring news, that’s about $240 million, with only $5 million costs to close our current mine, and repurpose the equipment to the Abra reserves, again saving future build costs.

I love the idea of bringing on additional income from sharing 28g per ton grades in small scale affiliations, $10 million spend and up and running in a year or two, saying they can produce as much income as our current lower grade large scale operation blew my mind.

Major shareholders have made it clear, no share dilution, we now know we are debt free in April, from the horses mouth, we have the cash generation to grow and Darren Bowden has a $2 billion market cap ambition, a CEO that oozes confidence, straight talking and honest.

I’ve took another 300k this morning, 5.8 million shares and counting, I will continue collecting month on month whilst we still can at these few penny prices, double figures next year as the cash collects and the news on Abra grades and additional aquisitions flood in. I’ve said it numerous times but it’s never been more clear that MTL is a crystal clear investment and STRONG BUY recommendation.

Excellent update, easy for new investors to see the potential in one easy read, for me, I picked up on Abra tenement as being 1 of a few possible acquisitions, seems they are currently considering a few others, The Abra tenement looks amazing, I’m excited to see the results of near term exploration later this year, but its history and previous small scale mining, it looks to be extremely promising, I am so happy to be invested here.

Thank you for posting the article, nice to see reviews on the company at last, it’s been over 2 years since I’ve seen any other review, along with the IG interview it looks like MTL are starting to expose the potential to the larger market.

The short term 4p plus is definitely conservative as the debt free position by May in my mind will blow that number by a fair margin, it’s hard to get the facts in a short article but it failed to mention that the 74k to 80k ounce production prediction made in Jan 2024 is actually a higher production target for 2024 than was predicted for 2023 production back in Jan 2023, the fact we sold 85.5k ounces over 2023 is because the mine performed significantly better than predicted, the same was achieved in 2022 too, it’s becoming clear Darren Bowden prefers to under predict and over perform, a sensible trait.

So the performance this year is predicted to be as strong as last year but hopefully at a higher gold price and virtually no loan interest charges, the 2 combined will should increase free cash flow beyond 2023 heady $73 million, can you believe 1 years profit is our market cap at the moment.

Metals Exploration – Q4 update, remains a balance sheet-improving, gold production…BUY

By HotStockRockets | Friday 2 February 2024

I haven’t a subscription to the Share Prophets, just seen the headline though, anyone able to read the thread it in full?