Member Info for LiqMyAce

Big buyer in the market, I did a dummy sell and could place 1.1 million shares at 14.7

Pj70 - the 145 k oz forecast was at 1.4 mta from the Jan 2025 internal forecast. Since then the plant has been upgraded to 1.8 mta so the 145 k oz becomes 180 k oz.

AISC at around $1k that means we will be clearing $540 million EBITDA. A $2 Billion market cap is still a gross under valuation at these levels. Just relax and be patient.

December La India Development Update stated processing plant has been upgraded to 1.8 million tons per annum from 1.4 million tons per annum. MTL January 2025 study forecast La India production of 145k oz. So depending on the grade and recovery % we can expect the upgraded plant to produce about 180k oz per year once the process is optimized and the plant is running at nameplate capacity. At $4k an oz that's $720 million per year turnover from La India alone. Once the market realizes this, our price should double pretty quickly.

"Capacity has been expanded to allow up to 180k" It's not only the mill that needs upgrading to increase capacity, the CIL tanks and other equipment would have needed upsizing too. To do that for an extra $5M is well worth the investment. They are stacking ore on the ROM pad as we speak and you can bet that Darren will get the plant running at 180k capacity within 6 months of commissioning!

The Philippine government are trying to grow the mining industry and increase tax revenues therefrom in the country. They must get these protesters under control otherwise explorers and miners will simply walk away, taking their much needed investment cash with them. Just look at the transformation of the Runruno community since MTL got involved. 1,000 jobs at risk at Runruno plus several hundred more at Dupax. The government simply can't just ignore this.

Woggle Corp is owned by MTL and his post is highly relevant. The protests are at the Dupax site.

I don't see tokenised gold being attractive to centralised banks around the world. I can't see tokenised gold getting "tier 1" reserve asset status, with no counter party risk, as is the case now with physical gold. Although the USA will probably try something in order to try prop up the failing dollar. But why would the BRICS countries want to save the dollar? More likely is a BRICS new currency partially backed by Gold.

Gold today is back at the price it was a week ago, no big deal...

Dummy sell of 500,000 shares was offered 14.77...

Spot on Sakura, they were part of the acquisition price.

I beg to differ, warrants are not an issue. Most of them are due to the Condor deal and have been well known since the deal closed. The small amount of dilution is offset by the cash received, so they are not really a problem at all. By the way, dilution is not a problem either when it's used to grow the business. Most people believe MTL got CNR for a song, so the warrants are insignificant considering the amount of Gold in the ground we now own.

We need to be stockpiling at a fair old rate. 500,000 tons by next December is around 1,400 tons a day at a linear rate.

* Dupax polymetallic project

From Hannam

Metals Exploration

Q4 expectations

We expect production of 16.9koz for Q4, with revenues of US$69m, EBITDA of US$47m,

and NPAT of US$25.6m. We also expect an update on progress in Nicaragua with the

development of the La India project. Management has guided for production at Runruno

of 65koz-70koz following the impact of November’s a typhoon on infrastructure. We

expect full year production of 67koz at an AISC of US$1,306/oz.

For 2026, we expect production of 76koz at an AISC of US$1,140/oz from Runruno with

first production from the La India project in Nicaragua before the end of the year.

Exploration results should also be released from the Dupalymetallic project in the

Philippines that, with plant modifications, could extend operations at Runruno.

Thank you posting, it's a good read.

Punter - I do hope you are right!

Punter - We don't know whether the cores contain visible gold or pyrite, you can't tell the difference by eye. We have to wait for assay results. But if it is visible gold then the grades could be very good.

Do you think Warren Buffett never made a loss on an investment? If you never made a loss you probably didn't take enough risk.

You would not see an ordinary woman in one of these clubs, just businessmen and Geisha's...