Member Info for LiqMyAce

All of western society is wealthier than ever, even the 20 somethings, because there is a welfare state. When I was a child I remember times when my parents could not pay the rent or put coal on the fire because of unemployment. We own and have access to consumer goods that our grandparents could never dream of. Our problem today is that we have bred entitled generations who don't want to work for what they want and expect everything to be handed to them on a plate.

In 1981 I remember the UK ten year was 16%. The financial system survived and here we are 45 years later wealthier than ever.

Yeap, the 10 year is 2.1% at a six week low. Hardly a crisis. Less of the insults please, keep it civil.

88% of Japanese debt is held domestically.

Japan are a nation of savers, they have plenty of capacity to meet their interest payment obligations by taxing the population. There will be no debt based collapse coming from Japan in our lifetime.

According to the presentation in the next month the following milestones should be complete:

• Laboratory completed and certified

• Complete Primary Crusher Retaining Wall & foundation

• Complete Reclaim Tunnel civil work

• Mobilise SMP Contractor

• Commence CIL tank installation

• Complete Operations Camp

Q2 milestones to be completed:

• Install Primary Crusher & Reclaim Feeders

• Commence Main Substation

• Commence Structural Steel & Mill installation

• Commence Piping & Electrical works

• Industrial buildings operational

Also, they changed the motor and gearbox on both mills so they use common parts for easier stocking of spares. Smart move.

Tikitaki - They are using two mills. The one that Mark Childs bought and the one from Rock Creek. Page 18 of the presentation shows the schematic: https://metalsexploration.com/wp-content/uploads/2026/02/260206-Metals-Exploration-Corporate-Presentation-1-1.pdf

There are two essential items that need to be done on time;

1) The transformer needs to be built and delivered on time.

2) The 200 metre spur needs poles erecting and needs to be wired between the transformer and the main grid.

Personally I don't think either will be delayed. The transformer was ordered in good time and CNR is in weekly contact with the minister who will be on top of the nationalised energy supplier.

For me, I'm more interested in both mills getting built and commissioned without problems on time.

Reading up on this apparently Gold doré usually contains Silver, so perhaps if there is significant Silver present it can be recovered when the doré is refined. Anyone have any knowledge/experience of this?

Do we know if the processing plant will be configured for recovering Silver? I don't recall any Silver being mentioned in the plans for the plant.

Thanks for the advice Sakura, but I prefer your comments to his.

Pedro61 = filtered

Share Price Performance Targets: Options under the LTIP are designed to vest in three equal tranches, contingent on the company's share price reaching specific, ambitious targets, based on a 30-day volume-weighted average.

Retention Component: To ensure continuity, beneficiaries must maintain their positions for three years after each specific performance condition is met.

Strategic Growth Targets: The incentive plan is tied to the successful execution of the company's growth strategy, which includes:

La India Project Development: Accelerating the development of the La India project in Nicaragua, with a target to initiate production by Q4 2026.

Production Targets: Meeting specific gold production targets from the Runruno mine, with a goal of 50,000 - 60,000 oz in FY2026.

Acquisition Incentives: Specific options were granted to incentivize key personnel involved in the acquisition of Condor Gold.

Performance-Linked Vesting: The Remuneration Committee holds the authority to review and determine the vesting of awards based on annual performance, ensuring they align with the company's strategic goals and shareholder interests

They are not warrants, they are actually options which were likely awarded to management as part of their incentive plan.

A metals shortage at the Comex does not matter, they can always settle in cash. Like you, I am also dubious about these conspiracies. If the price goes higher then abandoned old low grade mines suddenly become economic. It's the same with Gold in my view.

Well done Au !

Chilli - I do agree that Darren and Lee were overly optimistic about Dupax. I did post a while ago that Darren's forte was not exploration, but is in fact mine building. We are seeing that with the progress at La India.

Frenchie - Sakura has every right to post her opinions, I respect that.

Chilli - Dupax was never a 200k oz resource, it was purely an exploration target, that was not baked into the price that didn't work out. The reason I can be blasé about it is we have La India. Proven resources of at least double the ounces at Runruno (and possible 5 times more) at much higher grades and a team that's successfully building a new mine on time and on budget to exploit it. The market values actual resources much higher than exploration potential and as Darren said, we are moving on from being a small explorer to a mid tier producer. For me the next exciting news will be resource expansion at La India.