Member Info for LiqMyAce

Major4legs - Was thinking the same, what would you budget the POG for a five year project to be safe $2500, $3000? Because I have no doubt, although I am a gold bull, the price could halve in a year. I have seen it before!

"Just thought it was interesting that 150m away is apparently 300k ounces of jorc compliant gold?" is not an unreasonable thing to raise on the forum no. But I need Darren to confirm it's economic to mine before I get excited about it. Just a reminder MTL almost went bust with a mine with a resource of 1.4g ton.

If the Mallibeg South Gold resource is only 1.4gr ton and it's difficult to mine then there is your answer. I think Darren knows what he is doing better than you Simms. La India grades are much higher and far more compelling.

Darren has never had any success for us with his exploration, it's not his forte. But building and optimising Gold mines and processing plants is. Our future remains with the known resource at La India, if there is 5 million ounces there, I don't see a problem do you? Dupax may yet be a dud and Abra hugely speculative. Like I said, La India is our future.

From memory there is around 300k oz in the deposit. Darren decided it was uneconomic to mine. I don't know at what POG it becomes economic.

Price of Gold was $160 an oz in 1975 and the house cost £9,500.

Frenchie38 - No, if I put aside £1 and 1oz of Gold in 1975, when I bought the house, what could I buy today with that pound and what could I buy today with that oz of Gold?

I'm making a point regarding Gold retaining it's value, whereas Fiat does not!

Fiat is not worthless no. But it is losing it's purchasing power. I bought my first house for the equivalent value of 2 oz's of Gold (based on today's price of Gold). The same house today would cost me 60 oz. The destruction of Fiat is all about it's loss of purchasing power, a lot of people fail to understand this.

Test trade - I could sell 900k at 16.04p

Analysts see gold reaching up to $6,000 in 2026

Analysts surveyed by the London Bullion Market Association said gold could reach a price point of $6,000 an ounce this year.

Earlier today, bullion rose 2.7pc to $4,888 per ounce, achieving a new record, as the US president landed in Switzerland ahead of a speech in front of world leaders in Davos.

Of the 28 analysts, 22 expected the yellow metal to hit highs of over $5,000 in 2026, with five predicting it to surpass the $6,000 threshold and one foreseeing a jump up to $7,000.

The forecasts are driven by expectations of lower interest rates in the US, central banks diversifying away from the dollar and geopolitical tension.

Source - Telegraph

Goldroo - Welcome aboard!

Videos here: https://metalsexploration.com/news/company-media/

Presentations here: https://metalsexploration.com/investors/presentations/

Should get you started, if you have not already found them.

CuckholdKing - I completely agree with you. I have been here over a decade. Over time I have invested around £200k in MTL. At one point I thought it was all lost, when the shares were delisted just after Darren arrived. But his vision and stewardship has driven us forward, my £200k is now worth over £1m. I think Darren will make the right decisions on Dupax and for me La India should be the focus.

They are options not warrants, why do you assume they will be sold? If it is an insider they may well be held.

These grants are "options" not "warrants". They have likely been awarded to insiders as part of the long term management incentive plan. It does not follow that they will be sold quickly like warrants usually are.

PJ70 - Just google it "stock market, what are multiple trades of 1 share?" there are 3 or 4 different possibilities but the most probable is high frequency traders pinging the market to test liquidity. Not sure how buying multiples of 1 share can do that, but apparently that's it.

Oh no, a 250k trade just went through. Wait for it....

Commenting on tenth of a penny movements really is very tedious.

@ 1.8 mta per annum 3 to 4 months

I see for the first time in years the Google satellite view map for Runruno has been updated: https://www.google.com/maps/place/Runruno,+Quezon,+Nueva+Vizcaya,+Philippines/@16.4018378,121.3226493,3530m/data=!3m1!1e3!4m6!3m5!1s0x33906930fd400fe3:0x4e8bb8a846acffe3!8m2!3d16.4440508!4d121.3370074!16s%2Fg%2F11fyxcz_hl?entry=ttu&g_ep=EgoyMDI2MDEwNy4wIKXMDSoASAFQAw%3D%3D