Member Info for pj70

Hi Tom - i do think that £6 is achieveable with a MRE from Telfer stating we have another 3m ozs + of gold in pit and below ground which means we can mine for another 10 years +. That MRE is what i think will re-rate GGP towards other peers pricing points

Punter sometimes gold being visible is a actually a sign of fools gold but in this case i would assume they would not show assays of fools gold. The big question is whether the grades from the drilling are continual at depth and at strike length and if that is the case then we may have a resource base that can be estimated and the production assets of Runo can be used for many years to come. I do agree with many of you on here that Dupax really is the SP kicker for MTL as cant see much past a 25-30p share price with just La India producing. Still very good from where we are today but not the 3-4 fold possibility with two and maybe a third processing in Nic if the other Condor licenses are any good eg Estrella and co

I think any announcement over the next few months that has a commercial revenue upside is what will drive this price and quickly. Until then sit back and watch and let mgmt get on with it.

Agree Random - you dont go from being a social media blitz individual to stopping all communications unless they are the two scenarios you stated. I think we wait and see what the outcome is and weather could be a potential issue but then state it as not in the companies control and people understand that! Anyways lets see if any update before christmas or the usual for bad news after trading hours on christmas eve!

Yes would agree that they would need La India in full prodcution, hopefully gold stays at these elevated prices and the FCF can be used to reduce the share count but also potentially a 10:1 consolidation and move off AIM as well.

Still holding jack but don’t like missed deadlines unless justified ! So wait and see

CJ I think your answered your own question. He is very rarely not promoting this company’ somehow through rNS or twitter but all of a sudden quiet! Still

Holding but have my doubts whether they have a major issue !!

Does anyone have a price target for end of next year and next 2/3 years? I am struggling with the current valuation with the gold being produced and be interested in others thoughts .

Personally hoping for circa 25p or 750m market cap by end of next year and if we get to 120-140koz per year the following year then 1.2bn market cap and circa 40p

And MDD is still producing and other areas still to be identified for further opportunities so one would think the underground for both areas maybe in excess of 3-4m ozs plus what is in stage 2 and 7 cutbacks. I am hoping we have telfer going for 15 years at 300k ozs per year alone. That is what I am hoping and where I think a big rerate in price will happen if it does occur

Lets hope that we get some drill results in 2026 for deserts revenge as that would just top it off if we had another haverion but only 2-3km away !

I would agree about jurisdiction risk Condor but PE will still be done on the value of the profits and the risk weighting will be in that so therefore you can to an extent

Did anything come up about drilling or future drilling at Deserts REvenge?

Hi Element - as you are someone that obviously scours the market and miners - have you looked at MTL which is a gold producer and any thoughts?

Jet the target is £8 by end of 2028 - got a ring to it ;-)

I think if you use GGP which is 3.3bn on 300k ozs, Hochchild which is 2.45bn on 290k ozs then you should be able to come away with an estimated market cap for a 150-200k oz producer. The big thing with what i see with MTL is the AISC is quite a bit lower than the two quoted above due the higher grades and lower cost jurisdictions so therefore the profit levels should be higher and potentially the market cap based on the production.

I thought end of 2026 or early 2027 was the end of Runo mine but should tie in to potentially La india starting on time and getting Dupax (if a viable deposit) into the processing plant at Runo in Mid 2027 to end of 2027.

Do we think we will hear about Dupax and any possibility there in Q1?

Thanks Kat - just had a look now and based on a 1.8mt throughput at la india and average grade 3.53gm pt which is insane numbers they are looking at 145k ozs - i noticed they are looking at 154k oz in 2029. I do wonder whether there would be an intention IF they define a 20 year+ resource base at 1.8mt per year at a high grade to look at a second processing facility to increase throughput and ozs per year!? Time will tell but the FCF will certainly allow for a smaller processing plant.

I can certainly see why Dupax is a potential company changer as IF this was to be shown that it could become a replacement ore body over Runo mine then 200k oz per year could be achievable in next 2-3 years.

Are those projections you provided based purely on La India OR a secondary mine in Philippines eg dupax processing ?

Kat I err to the cautious side and even at 50k oz a year we are undervalued considerably compared to other similar producers