Member Info for Smoothbrain

Deeply insightful analysis soletrader

I never thought of Dupax as a side piece, as it was on the cards before the Condor Gold purchase. I want MTL to have a continued large base in the Philippines. The country is a huge, broadly untapped mineral resource that we are seemingly the only major ones who are producing at industrial scale. I think MTL needs to remain invested in Dupax, Abra and onwards. As long as they locate the resource and can mine it for profit, we should remain there and make a fortune.

The pit in Dupax (Keon pit?) had historic concentrations of 15g/t, so there is potential for higher grade to be found in Dupax. Recent studies showed it near 4g/t.

I think we are all too quick to dismiss Dupax and DB with MTL and the work they have done so far. It is an area of proven reserves historically and high grade ore, so we know there is gold, just need to locate exactly where. This is supported by the geological data of the area as well as their physics studies

People have been interfering with the project, which has caused delays. Delays which DB's pace of getting things done ahead of schedule is probably still going to fall in line with the normal timeline.

The interview will be great to answer other questions, but having kept the faith from the 1p range, we are in such better ground compared to before. Even the BIOX contamination has ended up generating income as the delay in processing has meant the price of gold increased 25% in the interim.

The only question I have left is whether Sakura's title is Duchess or Baroness after reading her comments of her life

I thought ECR is a good buy now it is shifting to producer in Australia. Still cheap and in a stable region with tons of proven gold in a supportive country with a large mining industry.

See I'm not too worried about the Gold being held deeper if it still proves to be a worthwhile mining endeavour. Even if the total cost of mining is higher, price of gold and copper is spiking so much it will offset the increased expenditure. The sooner we get this mine going the better, whatever the circumstances.

Maybe they need to hire someone like Jim Hanneson who turned the Havieron target around for GGP. Specialists in geophysics would be ideal right now to better direct Dupax and Abra scouting, especially if they are limited to certain numbers of drill holes

So a good RNS, but little on Dupax and Abra still. Still, stable forward progress with ever increasing profits and growth. Long may it last.

Silver is a by-product of gold mining at La India, so won't have gone very far when we start

We need Dupax news, Abra tenement news, and a comment on the copper as well as the gold from those resources. Also if Darren has pulled a further new mine deal out of the hat as he alluded to before, that really would be the icing on the cake.

While I agree with Lee that this is one of Trump's possible strategies because a) he said it out loud and b) as a bankrupcy specialist in getting out of debts using it I would not be surprised he would default to this strategy burning all bridges in the process.

Whatever their strategy, there are a few things we know. 1) They will aim to enrich themselves through any means possible, and most are openly corrupt

2) Old school imperialism and disregard of the constitution are plain to see in their approach to any domestic and international dealings

3) The weakness of their government to negotiate on any legitimate terms are rapidly eroding any international trade and influence, particularly with India, China, the EU, chunks of South America e.g. Brazil, Venezuela, South Africa and others. The remaining nations of the world hold little wealth and influence proportionately to them.

The tanking of the dollar value seems imminent, but other currencies might not collapse around it particularly. Euro, Swiss Francs and RMB will become alternative stronghold currencies and may see value increase further.

So I think Gold will continue to rise because of geopolitical tension and the dollar drop, but not the death of Fiat currency particularly if the rest of the world reconfigures trade and banking and continues to function.

All of the debates on currency only apply if you are not a currency trader. Trading currency is a way to turn FIAT into more FIAT if you know what you are doing.

I topped up too, but not as much as yourself @condor_forever

We are the last miner that is in this price range with gold going as it is. I hope that we catch up to all the others soon.

Wrong kind of RNS today hey?

It's all dependent on the electrical infrastructure being installed which I understand is still on schedule for October. So processing should begin after that, 11 months seems more realistic?

It is amusing to watch the speculative mining, exploration and development companies exploding in value based on the price of gold when they are still often years away from generating real revenue. Whilst I don't expect the price of gold to collapse anytime soon, if this were a bubble, those are the wrong kinds of companies to bank on at this time.

@howezap

Thanks for that link. Let's hope they capitalise even similarly to the conservative plan which would make for great returns

"Estimated Reserves: A 2022 mineral resource estimate identified approximately 1.19 million ounces of silver in probable reserves for the open-pit project.

Total Resources: When including "indicated" and "inferred" categories, the project area is estimated to contain roughly 3 million ounces of silver."

Gemini results

That's another tidy 80-240 million based on no extra effort.

I can see why people are jittery. Venezuela was invaded after sanctions placed on by that same regime that is accusing them of not selling them the oil that they want. There are parallels with Nicaragua.

Differences with Nicaragua is that it has much less economic power wealth such as oil and rare metals, and has not been a target for Trumps smear campaign prior to invasion. If anything, Trump has moved on to his Greenland discussion again which is his rare earth metal target.

As for Venezuela itself, hard to say who is going to be worse. For all the bad press it gets, my family worked there for many years and still holds lots of assets that were respected under the government. It is much more likely the USA is going to come in and steal them all given what Trump is openly saying.

Will be hard to trust the USA to do business from now on, and their stock market might end up suffering for it too. We perhaps are beginning to see that already outside of their tech sector.

I do my research by pushing the buy button then arguing on message boards about information I should have known in advance