Member Info for leehardcastle

Hey, I should get the puddings, Surrey gets the starters and mains.

8m shares is not that big a holding, I know a few on here have many more, and a personal friend with nearly 13 million who never posts, those who definitely hold bigger holdings include Drachs, Candy and Bowden, 1350 million shares between them, you wouldn’t call them gamblers, the phrase major investors is definitely appropriate.

When I get 8m x ?p dividend I will be very happy, I don’t doubt for one minute that day is coming, the only question is how much will it be? And what will the share price be on that day? A lot higher than today's that’s for sure.

Nice to see Surrey take the dips, I noticed I was mentioned as a gambler for holding 8m shares, that it's my only stock is true, it's not all my finance, but it is a big chunk, I see an opportunity and I stick to it, I do not top slice, I don't risk in and out trading, I also take dips as opportunity, and keep adding to my holding, Surrey just mentioned the $6 billion FCF from La India, I know Darren will buy another reserve, how do I know, because he said so and he has the capital to do it.

I hear a lot of noise about risk, of course there are risks, but a skilled team work around issues, MTL has done this for 2 decades, the first mine has had hiccups, and yet its working as planned and has done its job, created wealth and its being used to full advantage.

The grass is not always greener elsewhere, and if you stay invested in mining, other companies suffer the same possible head winds and issues, but I stick to facts, gold is in a bull run, we generate free cash, we have no debt and we have proven skills and a track record, so the assets can benefit from unhindered capital growth.

As for the share price, it's cheap and we know it, so take advantage, or don't and wait, some investors are holding have for over 20 years, and the next 9 months are a tiny time table to wait for Runruno 2 plans, La India expansion, Abra news and a flowing La India, unless your trading the penny movements are just natural movement, nothing changed this week for MTL, the war is a distraction, which will produce inflationary pressure, and that's another gold tailwind long term.

The future is so bright I need sunglasses, and a little patience, Surrey has us all for a paid dinner soon enough.

Gold still above $5300 and the average gold price for the first 9 weeks of Q1 is around $4800, and obviously rising whilst it’s above for the next 4 weeks.

That’s a massive hike over the last Q4 average so we can expect some impressive FCF, may not be news but we are mining and we are benefitting from the recent rise.

Keep patient, March is here and the months are ticking by to La India’s first pour.

Atkinsons Bullion taking no orders for gold or silver this morning, that’s a first time I have seen that.

There’s the market answer on Gold, doing what it does best, offer a safe haven.

Cheers Sakura, it’s clear the Comex is struggling to keep the price of silver down, using a number of strange system breakdowns when ever the shorts are feeling the pain, but with Shanghai exchange at $106 an ounce, a physical exchange, not a paper exchange, they just can’t stop the rise, the physical metals real pricing is simply higher than what ever bullish.t number the Comex mess around with, they are in trouble and market manipulation will come to an end at some point.

Facts as of today concerning just La India.

La India reserves of 12.4 years at 140k ounces gold average production

Expansion of reserve highly likely but not official so let’s not include them for now.

Average AISC $1200 over 12.4 years.

Gold price today $5200

No company debt when La India build finished in 9 months time.

Even without a single ounce of reserve expansion, or another dollar increase in the gold price, that’s $6.944 billion FCF over the 12.4 years production.

Current share price 15.8p and market cap $624 million.

Now if nothing changes we will produce 11 x the current market cap in FCF and somehow you price MTL using AI at 5p to 30p per share based on La India alone.

Can you see a problem with your post?

Then we have a 2mtpa processing plant asset fully owned and paid for, $42 million in the bank, $180 million FCF from the 55k ounces to come from Runruno, with only $90 million required to finish the La India build.

Enough facts for you? Enjoy the weekend.

Silver and gold having some fireworks this afternoon, $5235 and $92

Very nice

Andysparra, it was a joke, hence the smiley face, Darren bought shares recently whilst Major has sold shares recently.

My AI calculations???? You may as well read tea leaves, use your own brain and you can see La India on its own will have us at double your AI prediction.

Looks like Darren Bowden took some of your shares you sold Major, I wonder who made the right decision? I might ask AI :)

I couldn’t have put it better my self, a nice article ConMan94, nicely written and more or less saying what I and a few have said already, MTL are setting up to be a big player in the market in the short and medium term, huge moves to come in both company incomes, with that dividends and rerate in shareprice.

Surrey, the whole point of holding physical metal is that there is no third party risk, the ETF suffers from a third party, you cannot ask for the metal when you close your ETF, they only offer cash settlement, Major scoffs at holding physical but in today’s seemingly safe modern world the Ukrainians are suffering a war, where their property is now worth nearly nothing, the banks are shut, no power, no internet, what use is an ETF to them, this is where they rely on cash, silver and gold, to purchase food, cooking gas, fire wood, bottled water etc etc to survive.

Gold at $5200 is a symptom of the existing wars, the risk of those wars expanding, the risk of new wars and the risks of collapsing FIAT values, caused by fresh printing of new paper currency increasing the worlds already virtually un-payable debts.

Gold and Silver have played this roll through history, the modern banks, governments, the wise and wealthy still see its value, and so do I.

Major, if you don’t hold it, you don’t own it, it’s that simple, ETFs are another nonsense way to trade metals, worth nothing, a paper trade and you will never see the metal if it actually has it.

Owning shares in MTL is different investment, you legally own a slice of a company, a company that produces the very product everyone will want in the near future when the FIAT collapses….GOLD…..real tangible money.

Hey Sakura, I have no silver miners, just a shed load of silver Britannias, bought 95% of it at $27 dollars, wealth preservation more than speculation, although it has quadrupled at one point and over tripled currently, plus it’s all capital gains exempt, and when FIAT fails……stop it Lee, I will upset Major again.

The difference this time Bitsub is we did 19p without a working La India, doesn’t take a lot of imagination what happens when it’s producing at the end of the year, and when a share goes from 1p to 2p that’s a 100% increase, 1p to 16p is 1600% and now you say 16p to 20p is another one of those rampy moments, it’s a 25% rise, it’s a breeze higher, hey, wait for La India to produce, get half the shares of today, everyone has a choice.

Be 20p plus by that time, I really don’t understand why you would wait, what’s the worst that can happen, a delay? Does a delay prevent the inevitable? No, each to there own.

I will get back in my bunker till, counting me silver profits :)

Well those who know me have heard my feelings many a time “debt based collapse” words I have used a few times and they don’t go down well, but it’s clear the debts at some point will have consequences, Japan is the most likely the fuse, to much bigger issues.

$5200 Monday.

I know a few really can’t believe gold can sustain $5000 and even some, actually believe it makes no difference or that MTL doesn’t require these levels to be a success long term, that’s partly true, but short term it has opened doors that were not possible had gold remained $3300 as last of year, think about what the actual effect of doubling FCF margins has done for us, it’s allowed us to build a substantial bank vault reserve $42 million as of Dec 31st 2025, whilst spending the $110 million on the La India build so far, that bank vault reserve is what we will require to fascinate a purchase of a fresh reserve to repurpose Runrunos 2 mta processing plant and skilled operational staff, the doubling level of FCF quarter incomes we benefit from now versus last years will prove to have been timed to a huge advantage for MTL, as the next aquisition can be shovel ready, and not a green field situation, we now have the ability to buy a shovel ready deposit, lucky us, I’m positive we are going to be pleasantly informed of such a purchase in the next few months, along side an awakening. IMHO

Have a great weekend all.

Big trades come through.