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2% now maybe another 2% in October, not bad for a miner

That sounds really bad Lemontree.

On a positive note , Mexico has not had steep increases in diesel costs (according to the internet) due to policies of the Mexican government. This means Mexican miners are facing less margin compression then global miners.

"Some on here are so gullible :),"

Gullible and rich 😂

Since we know that oil above $100 is not sustainable, will it be sustained ?

Based on my calculations I believe if the share price was purely based on 2025 results, the share price should be £28. This was at a silver average of $41.5.

This means at $80 , the share price should be a lot higher.

I agree with portfolio power, we could have only dreamed of $80 silver and $5000 gold 6 months ago.

At the moment Fres looks like it's going to break records for cash generation and profits this year.

What's funny is yesterday UBS gave a negative view on preciouse metals, today it's positive. I think the news cycle might be generated by AI, and is different every day to give variety.

Just think we could only dream if $80 silver a year ago.

There has been criticism of Fres of management recently, and granted they are not the most dynamic. But in their defence any action they take on increasing Vol or reducing cost or acquisition will not be felt in short/medium term.

They are sitting on a winning position, if they do nothing they are likely to win even more. Its the lowest risk strategy just don't mess things up. A safe pair of hands.

What annoys me is they keep pushing their development projects into the future, I suppose because they feel secure that they can stretch current mines without doing anything radical.

One consolation is that this strategy maximises cash generation short/medium term. Make hay while the sun shines.

So it's just sit and wait.

When you look at the metric

market capitalisation/operating cash generation Fresnillo is cheap compared to most peers.

For the amount of cash they generating today (not in the theoretical future) Fresnillo is a bargain at £40.

They are making lots and lots of real cash today.

Good divi , but could have been better without the capex and purchase of probe.

Great effective tax rate. Stellar.

Great cash generation due to their size and drop through.

More normal P/E ratio.

Cost will go up 10% in 2026, but given these levels for PM it should be easy to absorb and have an even better 2026.

£55 is an easily achievable target, if PM hold

$83/$5000 is a dream come true for Fres share price. It should be a lot higher soon if these prices hold.

Nice that thing feel stable again🤗

Prob vote affirmative to the acquisition

I also think it's a bit late to try and grift the public with a cbdc the accolites are already all in.

I think that both of these price targets are nonsense. The cash generation/ drop-through/ operational gearing of this busines is very high. Especially at current PM prices. £43 is too low should be closer to £70 if these pm price hold.

Probe shareholders vote on the 13th of January. This is a good acquisition.

I am still positive on Fresnillo, at these PM prices it still has to rise a lot

Lse2000 you've been quiet since your last " short" on the 3rd of September. 😂😂😂