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The Abra project if they can get the local consents to start drilling i think is potentially a huge share price mover. Everyone is talking about La India and Dupax which are definitely for the next 12-18 months but IF Manikbel is the copper deposit that DB thinks it is then we have a Tier 1 copper asset that will have MTL bought out.

So things to look forward to for me are La India developed, processing lab finished in Feb 26 allowing for more drilling in Nicaragua and increasing resource size at la india, Manikbel sign off so we can start drilling and see whether this copper deposit is as big as we hope, Dupax and whether it is a possibilty for a second mine or a no go, further drilling at other sites in Nicaragua and developing whether they are commercial or not. Anything i have missed? All this hopefully in the next 12 months while Runo continues to produce gold and keep the strategy alive with the FCF.

If the undervaluation continues then one of those peers may look at buying us out as per this report! thanks rivaldo

Hi lth - not sure the timing will make a lot of difference as the company either has a second mine opportunity or not. Until we get that decision and i do not think that the current SP is factoring anything for Dupax we wait and see. I am personally hoping we can use the Runo production plant for Dupax ore as that will expediate the price in 2027 as a second producer and hopefully we would be pushing 200k oz a year with the two mine operation.

Sage me neither - will start considering it more a small sell down after £10 has been breached and only for personal requirements to help my sons otherwise holding for more in the longer term eg 3-4 year period timeframe for me.

Speedy - like the wise men joke ! :-)

Bought quite a few more of these this morning as they remind me in some ways to where GGP was 12 -13 months ago Pre the game changer of Telfer purchase - the big difference being that noone at that stage knew gold was going to go to 4300 an oz. The opportunities and confidence that DB exudes with MTL and the progress i monitor of La India on LinkedIn reminds me of the GGP CEO Shaun Day and his vision which has made GGP into the largest stock on AIM and now in the ASX 100 within 13 months!

Do i think MTL can follow a similar trajectory - yes all be it a lower output initially (1/4 of the shares that GGP had 13bn before consolidation) but with some potentially incredible opportunities in the next 2-3 years to expand that output and also include copper as a potentially large play if they get the sign offs from the locals. So the comments about a multi billion play i can certainly see that if the cards land right and this has the potential with good management which DB appears to be (always a good sign when people follow from previous companies) to be able to fulfill that. My own personal estimations are that if La India can deliver the 120-150k oz per annum mine by 2027 then the £1bn market cap will be hit then with other kickers to SP/market cap obviously whether Dupax allows a second mine to operate, copper play in Phillipines and other targets for near term production in Nicaragua.

Yes went from 4m to 29m traded and price went from 10.20 to 10.55 in space of about 10 minutes as was watching cricket and asx! Was quite surprised

Make that 25m shares traded into closing in less than 15 minutes as got up to watch cricket

15 million shares just got traded in the last 15 minutes to go from 10.25 to 10.55

Thanks smithy and I do like DB and MTL and the potential future if La India comes off in the timelines. Just looking forward to what Dupax results are as it is a copper, zinc and hopefully gold VMS so fingers crossed another strong potential second mine! So much to look forward to in 2026 and into 2027

Carefree i have listened to some of the videos but just not picked up on that statement. Great that he does and in the last investor presentation appeared to be a high level strategic plan to get there as well.

Hi Element - your comment on re-rating of gold stocks IF / WHEN the penny drops that a post 3500usd an oz is the new norm and that gold producers with a low AISC will re-rate substantially in my opinion as well. Whether that is 2026 or 2027 one can only guess but will enjoy the ride.

No intention on selling this until my first milestone which was always £10 based on current gold price but a 400k oz a year production target which is why i am interested in the timing of the development of the WDD and increased ore extraction from MDD in the short term.

Element do you mean £20 a share at $4k gold or $5k gold?

Thanks Bamps - must be something there to get SD interested.

MR Smith when did DB state he wants to move the market cap to £2bn?

You can see from the 6 trucks they are stockpiling now and when plant is ready then the feeding will start. I am sure they will have 4-6 months feed ready by the time the plant is commissioned late next year. For me the nagging doubt in my head is the power and the reliance effectively on the Nicaragaun power company run by the govt to deliver what is required on time. Everything else seems like they have sorted and seems like a decent management team based at La India making sure they are ahead of schedule.

Dupax is the one we are all waiting on and just hoping that the strike length was mineralised along the drill length which i think was circa 700m. Cant remember if that was open at each end or not - anyone got reference to that?

Not sure if shared or not but worth a read and Hasties looks interesting with many interesting drill results.

https://www.rinconresources.com.au/projects/sthtelfer/

Jrap great story and my uncle worked at Mt newman for a few years in the early to mid seventies. Lovely to hear some of the stories on here how this company has actually changed many peoples lives and there extended families. To all those LTH and those that impart great information eg Bamps, Element, Rotherby, Dips etc and many more, thanks again and wishing you and your loved ones a great christmas and hoping that 2026 is a good year for both GGP but for you all individually. thanks again

Agree Auinspired - look at GGP. They consolidated 20:1 a share when they reached 13bn shares which was due to a deal of a lifetime with Telfer and Haveiron and the rest is history - been an incredible 12 months. MTL are only circa 3bn shares and at this point in time no requirement like GGP had to issue shares for cashflow as the current monies coming in will pay for La India with some financing. Maybe in the next 12-18 months a 10:1 consolidation could be done but not sure on the value of doing that really as market cap is market cap whether you are 10p or £1 after consolidation.

A £1 SP for MTL would insinuate at current prices a 250k oz pa operation or circa £2.8bn market cap and strong reserve base that shows sustained 10 year plus mine life. Now what many on here are betting on is that we get 150k oz per year at La India, we get Dupax up and running with a good reserve base and hopefully 50k oz + pa operation and if not then a second plant operating at one of the other potential areas we bought from condor in Nicaragua that gives 50k oz+ pa and maybe just maybe a large copper play north of RunoRuno mine. That then gets us the cashflow / profits for substantiation of a PE and then the continual drilling of La India will secure the upside on reserve base alongside the phillipines.

All just my thoughts but why i am invested