Metals Exploration Share Discussion Threads

[mattjos] 21/3/2024 09:26

yes, rising gold price will be doing wonders for the cash generation. small remaining debt will very soon be completely gone & then the cash warchest will really start to pile up

[farnesbarnes] 21/3/2024 08:21

With the way gold is on a tear MTL has the feel of JLP about it.

[johnybigarms] 20/3/2024 14:11

I have the appetite, took another 100k, the next few weeks will see these as a cheap top up.

[jeanesy] 19/3/2024 15:13

Seems to be an appetite for buying once price drops to below 4p.

[sparki2] 18/3/2024 07:23

Another big up tick for MTL with the appointment of Nick von Schirnding as Chairman

[jedi k] 18/3/2024 07:15

? The options are exercisable after vesting provided the 30 day volume weighted average price ("VWAP") of the Company's quoted shares exceed 143% of the 30 day VWAP price on the date of his appointment;New Chairman options at more the double the current share price.

[the count of monte_cristo] 18/3/2024 00:55

Philippines opening up to mining, first copper mining permit in over a decade just given to LSE and ASX listed CLA...



The market has responded enthusiastically, sending CLA shares climbing as much as 53.85% in the first hour of ASX trading to A$0.02.

This permit grants CLA exclusive rights to undertake exploration, development and commercial production of copper and associated minerals at MCB for the next 25 years, with an option to renew for a further 25.

It marks the first copper project to be approved in the Philippines in 15 years, opening the path to mine development at the MCB Copper-Gold Project in northern Luzon.

[mattjos] 13/3/2024 17:18

strong buying again in Gold this afternoon after that one day pause.

[sparki2] 11/3/2024 19:35

Healthy correction, on a big down day, after recent rise augurs well - looking forward to zero debt

[johnybigarms] 11/3/2024 18:34

Well I took another 100k today as it’s consolidating nicely, our market cap is silly cheap, a profitable miner without debt and making annual £60 million profits would be 10 x that number as a market cap and that would represent fair value, Market cap of £600 million should be along in the next 12 months, along with additional acquisitions and gold numbers from the Abra tenement, $2500 dollar gold etc etc, time to grab what you can afford as 100k next year will start to look like a large transaction, those new here won’t realise many long term holders paid £40k plus for just 100k shares back in 2005 to 2007 when we was just a explorer.

[mattjos] 11/3/2024 18:11

indeed Jedi K
4p is the new 'round number' hurdle so inevitable bit of a jiggle above and below ... got bought quite hard this afternoon when the offer went under 4p which i take as a good sign

[leopoldalcox] 11/3/2024 18:05

Some very typical profit taking here I think. I still have a tiny holding, having made the poor decision to offload most of mine at 2.9p

[jedi k] 11/3/2024 17:42

Ø FY2024 gold production forecast: 74,000 - 80,000 ounces.Ø FY2024 AISC forecast: US$1,175 - US$1,275 per ounce.Now generating Over 1000 dollars profit per OZ.

[johnybigarms] 08/3/2024 13:29

Marmalade your correct, $5 million quoted to close Runruno in 4 to 5 years, we know the average grade is 1.29g per tonne for the next 4 years, with an upper estimate recovery of 80k ounces this year, but remember Darren Bowden has beaten upper estimates in 2022 and 2023 so I’m confident in at least 80k ounces at around $1000 dollars profit at current rates, that $80 million free float in 1 year, Darren Bowden was taking his $60 to $70 estimates at under $2000 dollar gold.
4 years of 1.29g average is the assurance we needed, we are on target to make $300 million plus profit before spending on aquisitions and paying some tax, I imagine the more Darren Spends on aquisitions the less tax to be paid, so it actually saves us cash to spend on our future.
Market caps are around 7 to 20 times clear profit for producing profitable gold miners, the variation depending on size of company, dividend yield and security of the mining location, so in the next year we can expect a market cap of 7 times profit, what’s that? £400 million at a guess would be fair value, at £90 million today it’s clear we have a long way to catch up, if gold flys to new higher highs or the tenement proves to be gold and copper rich then I see nearer 20p than 10p in 12 months time as the market sees the huge potential amongst the large war chest of cash accumulation, a small dividend would be a clever move as even 0.5p a share per annum would be money well spent as it would double the share price again in an instant, as you would have an income along side share price growth, 0.5p is just $12 million dollars per annum taken from the war chest, but at 10p a share is a 5% return and would attract a different kind of investor.
Sit and enjoy the ride, it’s literally just getting going.

[mattjos] 07/3/2024 19:47

we can probably agree on the appeal of investing in MTL but, clearly not on USA politics :-)

(On my last trip over there in Fall of 2023, it was obvious to me that Trump's support had grown and the election result is a forgone conclusion ... most Yanks are pretty darn stupid but not so stupid as to vote for Biden again.
Barring a man on the grassy knoll and/or wholesale national vote tampering - both of which entirely possible, it's a shoo-in for Trump in November.
Going over again in two weeks time and see how things stand then - Trump is going to Make America Great Again don't you know? :-) )

[marmalade44] 07/3/2024 18:06

DB stated in a recent interview that there will be 4 years of mine life left when the debt is repaid and that mine remidiation will cost £5m.

There will be enough gold remaining to leave the company with £200m in the bank at the end of the mine's life if there are no further acquisitions. That ties in with your FCF of £50m per year but with an extra £65m in the bank.

As for Trump becoming President again, there's more chance of Forest winning the Premier League this year.

[mattjos] 07/3/2024 17:26

Let's say they have 3 full years left at current mine and it throws off £50m Free Cash Flow in each of those years.
That's £150m FCF ... take off £20m for mine remediation at the end. Leaves £130m FCF

Current Mkt Cap is £86m .... the Free Cash Flow creates that sum in just 24 months.
Quite possibly sooner if Gold price now has $2,00 as the new floor.

It's hard to argue that the current price is any way 'expensive' & could look ludicrously cheap according to drill results in the new tenements.

If, as I suspect will prove to be the case, we see a strong Gold price through most of this year in the lead up to the USA election & then a new FED chariman (I very much doubt Trump will keep Powell in place) the FCF forecast could prove quite conservative.

I believe a decent chance we'll see nearer 10p / share this year.

[johnybigarms] 07/3/2024 16:48

MTL free float shares is nearer 25% as the major share holders and institutions hold around 75%, but the long termer like myself can smell a rerate, 5p will be here in the next month or two at the latest, it’s actually possible we could clear the debt this quarter if gold holds this recent rise, they only need $19 million and we have had quarters in the past achieve the same at a lower gold price and higher interest amounts.
The numbers of lose shares is much smaller than you think, and to buy any quantity now will take a much higher price, the dirt cheap shares are becoming a thing of the past very soon.

[gary hindsight] 07/3/2024 11:24

I don't know if it is just me feeling this but it seems the share price moves up on much lower buying volume than before. There were days when large quantities could be bought without shifting the price but less so recently. Leads me to think that the free float (which is really only around 35%) is being held quite tightly by investors. This circa 4p is providing a solid base and with gold on the up this means more free cash flow for March for repaying the debt. I think any increase in debt repayment vs expectations will also spur the price on further. However we did see grades drop off in Q4 last year. Still sticking with target of 5p by year end but increasingly thinking this may be conservative if free float remains tight

[mattjos] 05/3/2024 09:54

Gold continuing it's charge upwards today and now printing ATH's at $2,123

[mattjos] 04/3/2024 19:11

welcome aboard urchin1

[mattjos] 04/3/2024 18:58

touching distance now of debt-free status just as Gold breaks out to new highs & looking like it will move on to much higher prices over the course of this year.

Current Mkt Cap is £80m v FCF (last year) of £57m (ave. $1,944/oz) ... cheap as chips.

In a few weeks time, that FCF is going to be truly 'Free' once the debt is cleared . Circa $5m+ / month.

This is still dirt cheap

[urchin1] 04/3/2024 13:43

Just purchased 60,000 shares - showing as a sell on Advfn!

[mattjos] 01/3/2024 20:46

Longer term, I am looking for a return to this previously identifiable (but failed) trend line ... the company is in great shape and growing in strength as each week passes. I see no reason why we should not re-gain this trend line and then rise back above it.

As at 'today', that trendline would see a share price of 19p. It will of course not snap back there today but, it will get there and as time marches on that trendline price is also increasing so 400-500% gain from here, for starters, looks entirely reasonable:

[mattjos] 01/3/2024 12:44

Average realised Gold Price for sales in Q4 2023 was $1,980 / oz

So far in 2024, Gold price has only had two daily closing prices below $2,000 ... average YTD looks more like $2,025 (+2.25% QonQ).