Member Info for pj70

Have to say that after the La India Update and gold up over another $100USD an oz since that announcement and we are above 4300 that the SP is being priced as an explorer and not a current producer. The current market cap at just under £400m does not reflect a 50k oz CURRENT producer that in 12 -18 months time will turn into a 100k oz producer especially with the new 1.8mt plant at la india. Dupax would be a bonus and maybe those results are what is required to see whether we will go from a 1 mine to a 2 mine operation in the next 1-2 years.

Either way the next quarterly should show alot of cash being generated by Runo and that the cashpile increase will soothe the market in relation to being able to afford without finance or equity raising the La India project.

I am happy also to see that with La India that they will have there own lab on site come Q1 next year as there appears to be alot of drilling required to expand the resource base in and around La India and the other licenses they acquired when they bought Condor. 2026 will be the year i hope that we see this re-rated.

Thanks Cheltenham flyer.

Did either come up in conversation last night with Shaun?

Hi interested to hear what this gap in production was all

About as a question as I have never heard it discussed? Any knowledge greatly appreciated and happy to hear many of you had a great day for many reasons

Great interview and be great to hear the things that can be said in person and not on camera from the people that went tonight

Amazing that the SP did not move with good price. You would think that MTL is being priced as an explorer and not a 50k oz a year producer !! Bizarre

Been against the grain for 3 trading days now.

This price action is odd the last 2-3 days. Welcomed but something else is up here!

IS there any plausible explanation for GGP in the last 2-3 trading days bucking the trend and moving into the 4.30+ range? Not complaining but after months of seemingly being held back it is moving with volume of trades the last 2 days through the roof and price up. Corporate play???

Was just looking through the results Paddy sent through and they only drilled to 150m depth and they had several other intercepts but nothing of note so hopefully they look to do some deeper drilling and see whether they have something down there.

Also the other drill result was 4.6g/t at 5m for 35m and :

The MT survey results show a conductive anomaly that aligns with the interpreted hinge zone position

(Figure 16). The anomaly extends down to a depth of over 1.5km from surface through the prospective

Mine sequence (Telfer and Malu Formations). The chargeability and resistivity from the IP resolve the top

of the anomaly as starting at the contact between the Puntapunta and Telfer Formations.

Paddy - Bamps and i had a conversation on here about this after the last set of drilling results were released and the proximity to Telfer and the underground view seemed to suggest an extension from Telfer down the fault line and another potential Porphyr deposit. I am certainly hoping that they are drilling the buggery out of this area as have a good feel about it especially when the two drill results were very positive in the past!

Agree Hamilton - no update is poor

You have to apply for inclusion and there are many regulatory additional hurdles that either require staff or an outsourcing of the additional reporting etc requirements is my understanding and hence additional costs.

Thanks for this - great to see what they are doing.

Does anyone think we will hear what GGP will do with OCallaghans in 2026? Just seems like we have a potential large scale asset without any plan of attack or what is known to market. Be interesting to see if anything comes up at the town hall on it?

Also does anyone know of any small copper plays on the AIM away from GGP talk?

Simms when do you think they would start trucking ore from Dupax to Runo mine for processing? I was under the impression that they are still in need of delivering drilling results to then see if it worth drilling further for a maiden MRE and then obtaining all the necessary permits for starting the mining/extraction process at Dupax - so potentially 2028 at the earliest but at least no requirement for processing plant!

Lee there are a few similarities with GGP post buying Telfer and they built a cashpile due to gold price which is what MTL are now in the infancy of doing with the last legs of Runo. As each quarter passes and the cash pile increase we de-risk the ability to start mining with low or no debt at La India and then increase output. The real kicker which we will have some idea on soon is Dupax and agree with many people on here that this would be a big added bonus not just for production purposes but also away from the one trick pony mine aspect!

Yes grumpy your right I did ask on 17th November! Thanks for the info

What holding does Bo have in Helix?