Relax. *CORRECTION* *will highlight correction*. I apologize for the repost.
Alright people, it's time to relax.
Time for a view of a person who doesn't agree with most posting on the board right now, I think there is a bit irrationality happening. I don't buy into Andrew's point of view.
The company has already informed us that the underground operations is the current bottleneck, with plans already in place and underwork to address it.
We should all know initially there were two available stopes to mine from setbacks, now I believe if i'm not mistaken there are three stopes available to mine from, and they should have the fourth to mine from by end of the year Q4, Q1 at the latest. These extra stopes coming online will help us get from the 500-600 tpd coming from out of the underground to the 700-800 tpd range.
Yes the mill is running at 700 tpd that they say the tpd that using to supplement underground mining are being made up from the stock pile on surface, which is currently diluting the G/t in the ore going into the mill. We all can see the video from the website from the 7th of October of ore being stockpiled on surface, the mine has not stopped. As the 3rd and 4th stope come online and the ore starts being put into the mill, the grades in the mill will go up, the All in sustaining cash will start to go down, as there will be more revenue coming in, from the higher G/t in the ore entering the mill.
Harte has a line of credit, for 7.5 million dollars already standing by appian (To me I can't see them needing any more money than a small loan at the most and this wouldn't bother me when we are so close to profitability). They got the money they needed to do drilling for this year. You guys need to relax and give this the proper time it needs to get off the ground, without panicing so In this gold climate a bank would be stupid not to give them a business loan if they needed just a few million dollars to get them to Q4. I don't think they'll have an issue with cash to get them to the point they become profitable.
Harte has over a billion dollars of gold in the ground to be mined. Millions of dollars of infrastructure already built, many employee's already working, huge exploration potential. This takes years to get to. There hasn't been a set back they haven't overcome in my eyes.
Extreme reward in my opinion.
May of missed highlighting something.