It’s this continued professional behaviour from MTL as a company that will secure us a bright future, being the darlings of the mining sector in the Philippines ensures that they will grant us future rights to mine there, in the knowledge that we improve the land and lives of the people who live there, its good to know, and as ever Darren Bowden is as at the front of it.
MTL are mostly held by long term investors, some with very large holdings, 10s of millions of shares, my self with 5.5 million, so it’s not really on the radar, but it’s waking up finally, key moment in 3 months time will be a debt free position, every metric of this company is undervalued, but it’s an opportunity to hold a truly high quality miner in a politically safe environment, MTL win awards for their environmental friendliness, so will without doubt either purchase new land banks or extend currently own land banks, they have Darren Bowden as the CEO who will certainly know where we are going, he’s proven himself already, turned us around from the brink and has now got us in amazing shape.
Dividend payment around the corner, that news and future gold finds will blow us into another level, in the mean time, we are making over 20k ounce quarters and $20 million profit from gold sales.
Touched $2209, wow, it flew higher before being brought back down, never seen that in my life time, shows the pressure to go higher is definitely there, bodes really well, I think we are on the brink of a huge surge up.
$2071…..another $5 higher and we will benefit from the highest gold price in history, it’s been on the cards but all the stars are aligning, Metals Explorations have well and truly gotten wind in her sails, have a great weekend all.
Just an interesting note, MTL are currently making $219k clear profit every single day.
(20k ounces per 91.25 days = 219 ounces per day at $2050 - ($1050 AISC) equates to $1000 profit per ounce.
219 x $1000 = $219000 per day.
Gold price averaged $1960 over Oct and Nov so with it sat over $80 dollars above that in Dec it’s highly likely we will have our best average selling price in the companies history for Q4, I can see $1990 per ounce, certainly setting us up for another corker set of results.
I took 100k at 2.77p as well, at todays gold price we are making $1000 an ounce, this quarter is going to be another corker, and this years gold output will blast past an already upgraded prediction, 81k ounce upper level is going to be know where near. 86k ounces is my prediction, so much good news is forthcoming the next few months.
My thoughts exactly, but its also why I think he plays it down a little, he never shouts about the future, and I have a thought on that, its in his interest to keep the lid on the share price whilst he takes his bonus in the form of shares at 2p or under, than it is to take shares at 5p, of which its where we should have been had we had more news of whats in his plans, plus interviews and press exposure.
The fact he took shares says a lot, and my faith in his leadership is huge.
Marcus you have judged this rise as an opportunity to cash in, but it’s simply the start of a long overdue correction, and we should have been 3p to 5p 6 months back, this is nothing to where we will be when we announce dividends, all you have to do is hold and wait 3 months, it’s that simple, good luck but I’m 100% confident you will regret your decision
We are just 3 months from paying the remaining $30 million Mezzanine loan back in full, based on average production and the current price of gold, based on 2 months production passed for 2023 Q4 and 3 months to come, Dec 23, Jan 24 and Feb 24. Once debt free they will have cash accumulation without debt, estimated AISC will be at $950.
Dividends were announced very soon with AAZ when they achieved the same years back, and the share price 6 folded from announcement over the following years.
This is just the beginning, MTL have played it very cool and never promote the business beyond quality reports, all very professional.
Hold onto your shares, the best is definitely to come.
DIVIDENDs: MTL will produce around 80k ounces a year at around $1000 profit per ounce, 1/4 of that $80 million profit will be paid in dividends, $20 million or 0.8p per share.
3 years dividend provides shareholders an income of 2.4p and that my fellow investors is a FREE ride at todays price.
A free ride in a cash rich award winning miner in the Philippines, they have the equipment, the man power, the management, the expertise, Government approval and the enough cash in the bank to carry on mining for decades, enough cash to prove up currently owned land banks, enough cash to purchase new land banks, enough cash to carry on mining from a debt free position, hope that helps those invested or thinking of investment, if gold runs away to new highs (highly likely) you can add spice to all that I have said.
That s dollars not pounds, wish full thinking
£2001 broken through at the moment.
$2000 gold hit 3 times today, can it break through?
Heading back to that magic number.
Those unaware about what is about to happen to MTL in the next 3 to 4 months, it’s been a long journey and our share price has not reflected our current situation, but it’s the dividend payment that will change the share price, and this is the reason, around $20 million profit will be paid back to share holders in the form of a dividend based on an estimated $80 million profit created from 2024 earnings, no more loans, no more interest, AISC under $1000, $20 million or 0.8p per share or 40% of the current price, that’s crazy, so the share price should rise to say 8p for a more sensible 10% dividend return, that’s exactly what happened to AAZ at this same pivotal point in the companies history, their dividend ended up at around 6%, but the share price had 5 folded from the point where dividends were announced by that time.
MTL will make the news and the chat forums when it’s debt free, and a re-rate will take place.
Oh, I took another 200k this morning, it’s a no brainer as they say. IMHO
When the Market maker has the indicated offer (buy) price at 2.30 and the indicated bid (sell) price at 2.00 then any transaction below 2.15 (the middle) shows as a sell, any transaction above 2.15 shows as a buy, on Friday the buying at 2.14 is shown as a sell, but it’s clear that they were in-fact buys, its just the way market makers play with the bid and offer price, I find from experience it’s actually because they have a larger order to fill at 2.30p and are collecting enough sells to fulfil it over the coming days.
Hope that helps
Just thought I would point out an interesting point, Eurasia Mining (EUA) has a market cap of £61 million and currently produces nothing, it’s cash assets in various sorts adds up to about £5 million and currently can’t produce a dime being effected by the Ukrainian/Russian war.
MTL have a market cap of £45 million and produced about £65 million profit in just 1 year, with the same profit expected in 2024.
Eurasia Mining Is currently the most chat posted company on the LSE for all its failings, yet we don’t make a comment in a day…until this one…for all our success, just thought it’s crazy how it works on the stock market.
But Gold running high, we will be debt free in 3 months and those holding Eurasia Mining shares should sell their 2.15p valued shares and buy our 2.15p valued shares whilst they still can.
Have a great weekend
Gold moving higher again, up 1% today
I found this information, This was released just before I invested here in late 2016.
The mineralisation style and lithologies at the Malilibeg South gold-molybdenum deposit are similar to the main Runruno deposit immediately to the north. It has been defined over a strike length of 550 m, and comprises a series of stacked, shallow dipping mineralised lenses. These lenses appear to be best developed in both width and grade in the immediate hanging wall of the north-south striking, moderate west dipping Malilibeg Fault, and along the fault zone itself, similar to the Runruno deposit. The combined mineralised intersections ranges from 2 to about 20 m in thickness.
JORC compliant ore reserve and mineral resource estimates are as follows (Metals Exploration Plc website, visited June 2016):
Runruno
Measured resource - 11.2 Mt @ 1.88 g/t Au, 604 ppm Mo;
Indicated resource - 7.0 Mt @ 1.64 g/t Au, 425 ppm Mo;
Inferred resource - 7.5 Mt @ 1.44 g/t Au, 253 ppm Mo;
TOTAL resource - 25.7 Mt @ 1.69 g/t Au, 453 ppm Mo, containing 43.2 t of Au.
Proved reserve - 10.2 Mt @ 1.90 g/t Au, 616 ppm Mo;
Probable reserve - 4.8 Mt @ 1.77 g/t Au, 415 ppm Mo;
TOTAL reserve - 15.0 Mt @ 1.85 g/t Au, 603 ppm Mo.
Malilibeg South
Inferred resource - 7.55 Mt @ 1.4 g/t Au, 1200 ppm Mo, containing 10.6 t of Au
This summary is based on details on the Metals Exploration Plc website (visited June, 2016)
CarefreeCarry quoted the following:
Hope you don’t mind me repeating it bud,
Then we have Malilibeg South: Immediately south of the Runruno gold deposit, Malilibeg South Inferred Resource of 7.55 Mt @ 1.40 g/t Au & 0.12 % Mo for 0.34 Moz Au and 19.98 Mlb Mo was certified in 2013. Mineralisation is open to extension particularly towards the south. Additional high-grade blocks amenable to underground mining could be the catalyst for this deposit to take-off and thus extend the Runruno life-of-mine.
This equates to approx 450k oz's of additional gold.