The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
Knocking on the door of $2000
:-)
Can you not read detail? I said we will produce 86k ounces in 2023 (assuming just a 18k ounce Q4), lower grades next year with improved BIOX efficiency we will still produce 80k ounce per annum, I’m basing $80m clear income for 2024 based on a ASIC of $950 and Gold at $1950, which is a conservative gold price for 2024.
Yes the income will be taxed, yes the company will spend on acquiring new grounds to mine, all normal for any gold mine or business in the world, but just 1/4 of that $80 million for dividend payments is $20 million or 0.8p per share……40% of todays share price.
That’s why the share price will rise as investors jump in to get a 40% dividend, at 4p per share its 20%, at 8p per share its 10% of which would be still a generous dividend for any company.
This is the news to come in 3 months….Record year for MTL with just $12 million to repay.
In 6 months the news will be….MTL are debt free, cash in the bank and dividend discussions will take place. news on MTLs intentions to carry the business forward past our current reserves that end in 2027.
I have been here 6 years and I have banged the drum that this will happen, I have collected 5 million shares in that time, we have had huge hurdles to cross in those 6 years, but MTL have steered round them every time, the next 6 months are a breeze, no more hurdles, nailed on as they say.
Not for you, then you really are a fool.
This years gold production is going to be about 86k ounces, the original target for the year by Darren Bowden was around 72k maximum, raised to 81k maximum by Q2 as they had massively exceed expectation by that point, and then they exceed expectation in Q3 at over 22k ounces.
We have averaged nearly 23k ounces for the last 3 quarters, with BIOX not functioning as well as they hoped, but improvements implemented as we speak, so with a slightly lower head grade next year, improved BIOX as suggested by Darren Bowden, higher gold price and no interest payments, my prediction is for even higher free flow cash than this year.
The high gold price, higher production efficiency and no interest on loans will more than offset the slightly lower planned head grade, AISC set to be $950 in 2024.
Just 20k ounce quarters will produce $80 million free flow cash in a year with a dividend payment to us share holders will blow our piddly $45 market cap in oblivion.
My figures are based on fact, and I’ve been here 6 years, not fiction, Adam your been a member here since June, and I bet that’s the first time you clapped eyes on MTL, you make me laugh, you ignore any positive in an RNS and pick at scabs, like a 5 year old.
Gold price flying again, over $1950 an ounce, $900 dollars profit as we speak for every gold ounce sold, MTL have become a money printer, that’s a fact not fiction
That’s 2000 million shares Carefree, 2 million shares traded is 0.1% or 1 share in a thousand, that’s buying and selling, he talks utter tripe to annoy, best ignore as he has lost all credibility.
Classic reply, made me chuckle, it’s clear with an ASIC at $950 next year the $1000 gold ounce profit is to be a reality.
I have mentioned this before but AAZ we’re in a similar position where the share price was around 30p and they were just one production quarter from a debt free position, the market cap was really small, and I questioned why? But sure enough the company announced a debt free position the following quarter and boom, 75p in a matter of weeks, then a top of 170p in a matter of months, why? because some people hate not buying in until it’s in black and white, when they actually announced a dividend the share price rocketed to suit.
MTL will make at least $80 million clear profit in 2024, after taking some tax and sharing the remainder between the company and shareholders, let’s say just $20 million is for dividend payments, that’s 0.8p per share, that’s a 40% dividend from a 2p share value, but the share price will adjust to say 8p and that would still be a 10% dividend.
So we have 1 of two things to come, a low share price and a 40% dividend or a 4 bagger share price and a 10% dividend.
Who doesn’t like either option, answers on a post card.
Trex you make a great point, Q3 AISC was only $1055 and gets lower with each and every passing quarter, won’t be long before we make a $1000 dollar an ounce, the last 3 quarters cash generation has been staggering already, free from interest payments in just 5 months at our current rate of pay down, 2024Q1 results and confirmation of such will definitely wake this sleeping beauty, one word…..Dividend