EXPM:HRTFF - Post by User
Comment by
BigIsBeston Dec 05, 2016 5:49pm
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Post# 25557217
RE:RE:Harte Gold Interview Mines and Money 2016 - London
RE:RE:Harte Gold Interview Mines and Money 2016 - London
Thank you for posting the link to the SR interview. I managed to see it before it was taken down. Very strange that the video disappeared. Why would it be taken down? My gut feeling is that HRT share price is going to explode - but only when it suits SR. Management is keeping a lid on the SP until they have actually found the mother lode that they strongly believe is on the property. They do not want share price rises based on speculation.
There have been many comments that the geology of the Sugar Zone property is similar to the Hemlo discovery. Here is a link to a 1984 documentary called "The Hemlo Story". It is an interesting watch. Can history repeat?
https://www.youtube.com/watch?v=vXDBAENrEK0
Note what they knew in 1984 before any gold had actually been poured:
100m tonnes of gold ore, 25m oz, spread over 3 main mines.
Gold price was $700 - $800 and cost of production was forecast to be US$250.
In mid 1983 the 3 mines were beginning to be developed. Noranda (Golden Giant mine) was going at the fastest pace - 2 years from first shovel to first gold brick.
In January 1983 the Hemlo gold rush had a total value of $2b. One year later in Jan 1984 the value was $12b. The first production was in Apr 1985 (at Golden Giant).