Member Info for leehardcastle

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.

Totally agree Smoothbrain, cash generation alone for 3 years multibags this current shareprice, but I know DB and the team have a plan like any miner to extend the company viability, and it’s not shared with us at the moment for this reason, a low share price is beneficial to the company at the moment, because allocating shares to the CEO at 2p will be advantageous to him long term, he gets to benefit from the future increase and dividends when they make the plans public.

CarefreeCarry? You mention regularly the Malipeg S South reserves of 450k gold ounces, this never gets a mention on the website.

DB has talked about acquisitions at the general meetings, so it’s clear that will be a strategy going forward, the difference this time is the company will have the cash to make these, the equipment to mine, and the reputation to obtain licences etc, MTL have a long future, well beyond our current reserve.

Gold has averaged about $1935 this Q4 quarter so far, half way through as we speak, MTL need just 3 months more production at these levels to a obtain a debt free company, took another 400k shares today, 2023 earnings have been transformational beyond belief, 2024 is the year we take off, current PE ration of 0.5 is utterly crazy for an award winning gold miner.

MTL play this transformation so cool, no showboating or shouting, it’s just quietly and efficiently running under the radar, completely different to 99% of all AIM listed companies, where the Management promise the world, take massive salaries and billions of shares, but never make a penny, keep promising jam tomorrow and diluting the shareholders year on year…MTL is the absolute opposite to that, keep collecting as time to buy cheap is coming to an end in the next 6 months.

$950 dollars clear profit per gold ounce as we speak thanks.

Just to let you know, this mine had a 1 million gold ounce reserve to last 10 years, the accountants based long term predictions on AISC at $650 dollars and gold average of $1000.

They were hoping for $350 dollar ounce profit, $950 ounce profit is beyond dreams for any miner, but here it is.

WoW Mac, totally impressed, you should get a seat at the next board meeting, love to see the faith has never diminished, exciting times ahead for you and all the others in the know here.

Operating profit is $80 million this year, not $60 for a starters, and future profits are based more on gold price than predictions, MTL had from the start has a 1 million ounce reserve to last 10 years, that’s still the case and forget the stupid inaccurate Hannam report that can’t get this years correct you fool

Knocking on that $2000 door again

Edit: $80 million cash generation estimated for 2024

Truth is the best is yet to come, planned Phase 4 and phase 5 gold resources.

Debt free position in just 5 months.

2023 to be a company record best production beating initial upper estimates by around 15k ounces.

$80 cash generation estimated for 2024

Investment companies increasing MTL stock holdings during 2023.

Additional gold resources already owned by MTL to extend production.

Efficiency improvements ongoing.

Dividend payments due in 2024.

MTL are an Award winning Philippine miner.

Safe political landscape.

The list goes on, with a market cap currently 1/2 of annual profits…..crazy but true.