Member Info for leehardcastle

Q1 report next week, maybe see a mention in the subject then.

You know as a business woman Sakura, the wheels in progress are highly complicated and releasing either positive or negative business details at every instance is unrealistic, it’s why we have 3 month reports, which we do get RNS on.

The details of any application can be complicated, how many projects fail at the first hurdle, and then reapplications get it over the line, we have years to change that decision you read on the newspaper snippet, it’s fresh news.

It’s a bit too early to say that we won’t be mining in the Philippines, we may have another shovel ready target in view currently, MTL are working on something, plus the Abra is a long term goal, maybe that current decision will change with more work, don’t be disappointed until you hear from our CEO on the subject.

How can that be Darren’s fault, we purchased the Abra asset for $1.6 million about 2 years ago and it was put on hold as a longer term prospect once La India had been purchased, it became the 5 to 10 year plan.

If nothing can overturn the locals objections then we have to look for another long term plan.

Darren has expressed and discussed how difficult it is to get Philippine projects started, if we want to continue in the Philippines we need to purchase a shovel ready project as its becoming apparent greenfield projects are hard work to get started, even though MTL has proven with Runruno they improve lives in the mining process.

Let’s see what his near term plans have to offer, we know Nicaragua is going to be bigger than La India, let’s see if he can find something suitable in his home country.

Https://philstarlife.com/news-and-views/224032-fuel-supply-philippines-enough-for-50-more-days-doe

1 year ago today gold had was $3100 and the excitement for La India was swelling, Runruno was chugging away, imagine that Darren Bowden luckily discovered a magic lamp, he rubs the lamp and a genie comes pops out and grants him one wish, an excited Darren says this…..Abracadabra I want to dig up and process my gold reserves for free, the genie glances admiringly and says “granted old wise man” Darren and his happy investors would not believe it was possible, how fortunate every dollar of that $3100 ounces is ours, pure profit, wow, we’re going to be rich.

Well the genie came true to his word, we currently make $3100 an ounce and we haven’t even started the big one.

What a great year, I believe in genies.

Is that your 1st of 5 stages purchases Sakura? £100k at 11.54am, nice round number.

Smoothbrain trying hard to trade MTL, thanks for the warning, but gold is holding very well despite the war, and its set to go higher should it last, the US printing presses are on full speed and the longer it lasts the dollar will be abandoned even quicker, hold your nerve because this is MTLs year, make no mistake, traders have had a laugh but those with patience and will power will come out on top.

Gold blasted through $4800 again, back at the average price level for the last 3 months.

The orange man pulled the plus for 2 weeks on his war crimes.

Sakura, with £500k your going to have to buy in dribs and drabs to get a low entry price, we are already low enough to make a start, you know La India flowing will have us higher, £60k a month and you get an average spend before the big day, the first pour will have us run much higher, this war could still be running or not, it’s noise and a distraction from the real glacial fundamentals that drive gold and MTL higher IMHO

$9 to $11 trillion (not billion typo)

The fundamentals for golds rise are all still in place Sakura, infact they have increased since the war, gold is still up 7% year to date, the dollar is being printed at a pace never seen before, the Treasury rates have increased because no one wants them and they have $9 to $11 billion to roll over at these rates this year alone, the main reason for the drop in gold price from highs is the margin calls and war effected nations using it for liquidity.

The war will accelerate the death of the dollars purchasing power, and that’s why golds price will be higher than ever later this year IMHO

Totally agree Conman94, we had $42 million banked at the end of Dec 25, we have a $30 million loan facility, we have around $45 million FCF from Q1 (to be confirmed in 2 weeks) and we have $40 million in treasury shares, and we have 3 more quarters income from Runruno, the next ventures build costs will come from La India incomes, the only cost to find in the next few months is the cost of the new ventures take over, that sum, that be part cash and shares if need be, it’s 100% happening that we take on a new aquisition, the sooner the better, and Darren has said Dividends in 2028, if he had no plans for the second mine, he would pay dividends in 2027, he’s got much bigger plans for MTL than La India alone.

100% a certain we are looking for another mine to reuse the Runruno processing plant, Dupax was the easiest option on paper, but the locals created a stink, and he had no choice to drop the idea.

But Darren’s ambition is and has always been 2 mines in tandem by 2028, statements made in previous video interviews.

Can we achieve another mine in 2 years time, say mid 2028? Well La India build is 20 months from the 1st spade in the ground to processing if all goes as predicted, so as we are in the 4th month of 2026, the 6 month of 2028 is 26 months away, so yes it’s very possible, and the cash from La India will easily fund its build, and the cash from Runruno will be enough to purchase the next reserve.

We had these discussions 18 months ago when La India was an unknown, and investors scratched their head about MTLs future, I said it was obvious we would purchase another reserve and presto Condor gold was taken over, and look where we are today.

2 mines in production by 2028, there, I’ve said it, I’m sure Darren has the same exact ambitions.

By 2028 we should have a second mine producing, the whole point of an aquisition is to produce, we should know the direction in the next 3 months, if it’s a shovel ready project then give it 2 years from purchase to production like La India.

I also toy with the idea that should La India have the extra ounces we hope for, basically a doubling of existing, would you not run two processing plants in Nic and double the incomes but still have 12 years production, I know I would, and double the dividends.

It’s nice to bank profits but it’s not exactly ambitious and I’m pretty certain MTLs ambitions are 2 mines to start and then look at the Abra Tenament and start a much larger project there, that could be the Philippine project Darren is after, he believes it a Tier 1 gold and copper project.

On the subject of dividend what share price would a 2p dividend carry, at an 8% income it would be 25p, at 7% it would be 28.5p and at 6% it would be 33.5p, at 5% it would be 40p

I remember the days Anglo Asian Mining started its initial dividend the share price rose quickly and the dividend settled at around 5% of the shareprice.

On the subject of gold, $5500 is low balling in my opinion, we will see much higher pricing in 2027 IMHO, the printing press on the debts is in full flow since the start of 2026, and it’s to create seriously high inflation and put the wind in the sails of Gold.

I think your the only investor that truly believes that past comment Major, MTLs Market cap tonight is $477 million and for that money we are on target for a fully owned, fully funded resource and working mine (La India) without any debt, with Runruno that’s 2 mines fully funded and paid for, one ready to produce a minimum of 12.4 years gold and the second to finish its last years incomes ($150 million FCF plus for 2026) before the equipment being re-deployed elsewhere,

Let’s not forget the $40 million value in treasury shares.

Let’s not forget the Abra tenament (a possible Tier 1 asset fully paid and owned)

At current gold pricing that’s averaged over $4800 for the last 3 months, we’re expecting $6 billion FCF at current gold pricing from La India, and the possible extra $6 billion FCF from the predicted expanding of La India’s reserves.

All for $477 million? Sounds stupidly cheap to me.

Https://www.travelmole.com/news/philippines-avoid-oil-supply-shortage/

The Philippine government have responded to the crises by securing from other sources, they have had new deliveries and the days of diesel supply has increased this month.

Russia will be very happy to supply oil too should they ask, the cost will be higher but running out is not realistic IMHO

If your invested in the company and actually want to share a slice of the longer term profits, then today’s update was exactly what we wanted.

If your looking for an exit share price or top slice then your going to be cheesed off.

If your looking to make real cash then waiting or adding at these prices is a no brainer.

Let’s get real, when MTL purchased Condor Gold, Condorians felt they were taken out cheaply, because $2600 gold at the time warranted in those minds a much higher valuation for La India’s resources, yet today’s gold is nearly $2000 higher, so the margins ahead for MTL have more than doubled what was expected back then, and 8 months is all that separates us all from realising those profits.

How can anyone invested from the Condorian days find the current companies situation disappointing? You may find the share price appreciation slower than deserves, but that’s not in control of the company.

If your here like myself for dividend incomes that are ahead then you really won’t care how the share price behaves because the dividends are not based on the share price, they are based on a share of the profits.

I believe many complaining are looking to just take profits as soon as the level and chance arrives, the quiet ones are truly invested in a longer timeframe with MTL, the big moves are incomes are getting closer and 8 months is a very short time frame in the mining business.

Keep calm and be patient, today was a good day in my book.

We put the first spade in the ground in May 2025, so that’s 20 months to 1st pour in Dec 2026, 10 months later was Feb 2026 and it’s forgivable to see that as 50% in terms of timeline, in terms of schedule build its 40%, but the update shows we are ahead of schedule in terms of completing construction phases or part completing construction phases.

It’s not fair to say you can’t believe what Darren Bowden says and it’s unbelievable the only point you can find to comment on in all that info is the 40% or 50% number, the chart provided is enough to see progress is going quicker than planed, this is a happy moment Sakura, take it as good news.

What’s so great about our companies current expansion is this build of our next chapter is done with out borrowing to date, the actual purchase of Condor and all the build to date has all come from Runruno incomes, it’s worked a dream for MTLs future, Runruno had to start with large debts, and hindered it for two thirds of it LOM.

I look at new starts like KEFI that I know a few are invested in and you can see the vast difference, an end goal for KEFI is a functioning mine in 2028, but already the $355 million borrowed has to be paid back when it produces, if it’s on time and and on budget, the interest on that sum is vast, that’s the real cost today to start a new mine.

We are ahead of schedule and that gives us a little breather should unforeseen issues arise, time is ticking fast and April to December is not long, very happy to see this update.