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Harte Gold Corp. T.HRT


Primary Symbol: HRTFF

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior. It includes approximately 4 mining leases and 336 unpatented mining claims. In addition, it also consists of approximately 29,435 hectares within the Sault Ste. The Stoughton Abitibi property is located approximately 110 kilometers east of Timmins and 50 kilometers northeast of Kirkland Lake.


EXPM:HRTFF - Post by User

Bullboard Posts
Comment by BigIsBeston Jun 05, 2016 10:20pm
193 Views
Post# 24936357

RE:gold eagle to hrt comparisons

RE:gold eagle to hrt comparisonsI was lucky enough to hold shares in Exall Resources / Gold Eagle from the time of the discovery through until the sale to Goldcorp. Exall Resources held a 50% share in the property and at the end of 2006 it merged with the company that owned the other 50% to form Gold Eagle. For those who may be interested, below are some stats I kept from the date when the discovery drilling results were announced (30 Aug 2005) to the date I sold the last of my shares (31 Jul 2008):

Date Share Price No. of Shares Market Cap ($) Gold Price ($)
Exall Resources (50% share):      
30-Aug-05 0.39      
30-Sep-05 1.07      
30-Dec-05 1.48      
31-May-06 2.25 72m 162m  
19-Dec-06 4.00      
Gold Eagle (100% of property):      
28-Dec-06 7.90 88m 698m 632
30-Mar-07 9.04 91m 824m 660
17-Aug-07 4.48 101m 452m 650
3-Nov-07 8.00 101m 808m 800
31-Mar-08 9.10 101m 920m 915
31-Jul-08 12.28 106m 1309m 910

You can see that the gold price increased nicely at the right time and that the number of shares was low. I do not recall there ever being an estimate of the number of ozs sold to Goldcorp but it had to have been north of 5m oz IMHO.
So the number of shares was a third of what Harte has right now. Another point of difference is the Gold Eagle ore starts at a deep level whereas Harte's is at the surface.
So the big question is can Harte prove it has multi-million ozs? And what will be the market value per million ozs?
GLTA
Bullboard Posts