EXPM:HRTFF - Post by User
Comment by
Homestoneon Mar 07, 2022 3:00pm
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Post# 34491927
RE:Harte
RE:HarteYou may say Harte was the right opportunity however there are a myriad of problems to confront before they start making money.The camp is a piece of junk and to move it nearer the mine site will run in to the millions of dollars.All the mining equipment needs replacing and the price of fuel is over the top.The underground machines run on diesel and that is over $2.00 a litre canadian.They have a hard time retaining workers.Covid has caused problems and the list goes on.Many millions needs to be invested before this mine makes money.Probably 50 million to get up to 1200 tpd.All I can say is choke aussies choke.And that ain't no joke.A lot of investors money went up in smoke.