Member Info for SurreyNot123

How is this being held back? It's a sea of blue!

As I've mentioned before, our investment case for CNR was at 2500 usd. 3500 is a material leap and derisk, over 4000 is an insane EBITDA.

Behaviour right now is completely typical of any price testing various levels and finding a new base. The rush to 5k felt too hot, it was clear there would be some profit taking. 4.5k seems reasonable before the next leg up.

I find it laughable when people talk about the plummets and crashes of the gold price.

Zoom out, ffs. You really think 5/10% here or there is of any consequence?

Tungsten profile is a bot. Ignore and move on

Nothing written here moves the dial.

Our only legs up will be off the back of decisions made behind closed doors.

Drachs sits on the board ffs.

They'll be certain of a few things I'm sure

Nothing written here moves the dial.

Our only legs up will be off the back of decisions made behind closed doors.

Drachs sits on the board ffs.

They'll be certain of a few things I'm sure

I forgot I had shares here as they were down 99% last time I checked.

Good to see this absolute joke of an organisation is still going. You'd have to be mental to throw any more cash at this thing.

Dreadful

I forgot I had shares here as they were down 99% last time I checked.

Good to see this absolute joke of an organisation is still going. You'd have to be mental to throw any more cash at this thing.

Dreadful

I'm presuming due to MR'S comment on the recent linkedin post that he's still holding his shares?

I'll eat my hat if there IS anything else, other than further grants within the existing jurisdiction.

Indeed stranger things have happened, but without further financing (which means dilution), the priority for absolutely everyone involved in this company is

1. Sustaining setup and productionisation in Nicaragua

2. Getting La India to profitability

If anyone introduced ANYTHING that would disturb that current roadmap, including any "acquisition" or a hand in any further opportunities, it would be mental. It would introduce risk to MTL's only lifeline / path back to being a profitable company.

The only thing we're waiting on is that the market still needs operational proof before it’ll fully price these numbers in that we've been talking aboht.

MTL is transitioning from

1. a declining single-asset producer whose only asset is sunsetting to

.2 a potentially scalable district-level producer centred around La India.

That’s a completely different valuation framework IF execution lands.

Historically, after the initial hype in my experience, junior miners rarely get rerated on feasibility studies. The major rerating happens when first gold's poured (first jump), recoveries are proven throughput stabilises (second jump) and the market gains confidence that production guidance is achievable quarter after quarter (final rerate)

The next year will be mental here.

At current gold prices, even allowing for more conservative assumptions around AISC and ramp-up, the cash generation potential relative to mcap if La India performs as expected is going to be astronomical.

The additional exploration licences are also potentially very significant as well. We alreadh have a mill, infrastructure and an operating team in situ - satellite discoveries (HIGHLY likely in the region) become dramatically more valuable economically than they would be for another miner.

If it all.works out, it's basically the road map from whatever we are now, to a mid-tier gold producer. The "giant discovery" phase is obviosuly a wrap - i find myself trying to project producing economics onto our current situation, which is possibly the wrong approach.

Only risks as far as i can see atm:

1. Commissioning risk

2. Nicaragua jurisdiction ris

3. ramp-up execution

4. cost control

5. Ultimate production consistency

If DB delivers 2/3 clean quarters post-first gold, we.should be flying.

That operational transition is the whole story now really. Investor fatigue is real with this one though. Especially LTHs from Condor days. If my position wasn't so large I might popped out for milk for a few months and just taken a haircut in the few % climb lost, but no doubt would have benefitted elsewhere.

Sir, this is a casino.

How many in the SIPP, Slip...?

Ah yes.

Tungsten. The fart in the wind that's never made a good point in 600 plus posts.

How boring.

Love that we're just outright opening red rather than the usual daily gradual decline. At least MMs are being more forthcoming lol.

The erosion continues

| opportunistic

That's a weird way to spell "immensely lucky"!

I expect the board to sell gold pulled out of the ground from our colossal reserve in Nica, and for them to turn the screw on that to the fullest. There're shed loads of veins there that are unexplored and - famously - the vein on which our current mine sits hasn't been explored to it's fullest depths (didn't make economical sense only for the purposes of the BFS, but we know it runs way deeper than the preliminary FS alluded).

Unless there's a way to repurpose things in Asia without taking on an iota of debt, shut it down and concentrate on mthr bird in the hand.

This whole case study isn't rocket science. It's maths, and the MVP is nailed on which puts us at a multi $bn gold seller.

We've got a fuse lit. It's just taking longer than we thought to arrive at the effing rocket.

Seingred - also TTM has us up over 70%.

I honestly don't know what some of you are using as your source material?

I'm certain this isn't Nick's main holding..weird statement - but the spirit's there.

The stakes aren't small for anyone on the higher end of exposure, but the upside's astronomical.

The only risk I can actually see right now is ortega dying and an unstable transition of power.

Philippines is done. Frankly, I don't care for any remaining assets in the region at all short of those that will finance the setup in CA. I think we'd all do well to adopt that way of thinking.

Have good weekends

We're better than this guys, come on.

TGIF. Grab a cold one. Health is wealth. Etc.

Pick one ^

Next week's a new one.

JM wasn't broadly in a rush to get to production as the gold's as good as "in a safe". Combined with the fact he and my father predicted central banks returning to gold en masse plus the fact that gold would blast through the 4k mark (situation's obviously beyond that, now), the fact remains that the investment case concerning LA INDIA hasnt changed in the slightest. It's actually done the opposite, and become far bigger than anyone initially anticipated.

I think the issue is 1. We get used to the new normal and new base. So despite doing alright in the medium term, we all expect the upward trajectory to persist uninterrupted and 2. The situation's been impacted by DB being more coy than usual and negative developments in Phillies.

I'm guilty of venting my frustrations here and having the occasional pop at people, but let's be real. The FS and investment case is still absolutely solid. Markets are not rational, and right now the market BROADLY speaking is an absolute casino.

I'll remind myself of JM and Dad's sentiment which amounted to "Whats the rush. The gold's there, POG is appreciating at unprecedented levels. Just chill."

DB's flopped these past few months, but I'm married to La India - not he or Candy.

Godspeed guys. And in the meantime..

Chill.

Actual footage of me logging into Google finance after lunch

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRTxIKHjUOOUNEMGSO9n2Og_3pBmd9-MfkK_HKULiyPKkx1Apxx35iLopc&s=10