RE: Quiet times21 Feb 2022 23:28
The facts were both good and bad, the good was that the mine is running reliably and efficiently, the gold reserves look to be around 6 to 7 years with a little near field extending of the existing 5 year reserves, debts to be clear by 2025 and the Philippine taxes does not seem to faze the CEO, with a 50:50 possibility that they may even extend a tax free period, all good, the not so good for me was the large land bank is not going to be utilised, that was not expected, but I do believe in the expertise of the management and the M&A route for MTL being the most profitable way to go after the 7 years is up, the last 3 to 4 years will generate a lot of free cash, so I’m here to see where that takes us, long and strong, still huge upside to our stupidly low market cap, and gold looks highly likely to break higher and speed the whole debt free process up, 2022 is going to be a record year for us, and good news will spring up as hinted by Darren Bowden to keep things interesting.