Let’s look at some information.
The ore
Mineral Resource of 4,243,000 tonnes grading 8.12 g/t Au with 1,108,000 ounces contained gold and an Inferred Mineral Resource of 2,954,000 tonnes, grading 5.88 g/t Au with 558,000 ounces contained gold.
Here is our mineral reserve, - Feasibility Study Highlights • Declaration of Probable Mineral Reserves: 3.9 million tonnes at 7.1 g/t Au, net of mining dilution of 38%, containing 890,000 ounces of gold
All those ounces around $1400 - $1500 an ounce (a small fraction hedged at around $1300).
A mill that’s fully constructed, also operating.
A line of credit for $7.5 million.
A supporting banking holding the loan, who I’m sure will support them so they continue to pay down the debt.
An investor completely willing to give us $6.9 million to drill for this year. I don’t think they would give us the money to drill if they figure the mine wasn’t going to do well. I don’t think we will need to raise money next year to drill, the stabilized operations will pay for future drilling, probably starting next year's budget.
I think this mines safe, there is no better time to be a Shareholder of Harte, you can get it now while it's cheap, or get in later when it's expensive when you realize you should've invested a while ago.
Steve you did a great job, thanks for getting us here, looking forward to new management, who also gets to steal some of the glory. Nothing but positive things in my eyes, and in my rationalizing of the events, I’m a happy shareholder.
The longer this stays in the 20-30 cents, the longer the spring is compressed back, the more strength and momentum it will unleash when it finally goes.