Harte Gold Corp. T.HRT

RE:RE:RE:as forecasts

[justrelax2]

asforecasts wrote: My revenue was US dollars but all costs were Canadian.
Revenue in Canadian at 800 tpd is  10,768 oz x $1800= $19,382
If they reduce direct costs by 40% then
19,382 - 13.08 - 6.7 = - $400,000
Subtracting share based payments $80,000
Subtracting exploration                    $1mil

Company has to reduce direct costs by 50% to show profit.  Not realistic.  Company took years too long to start development, during debt was mounting.  
Debt is 78% of assets, equity is negative.

Company states that it has funds available under the Appian Way agreement.  However, reading note 14 the terms are aggregious, including royalties.  
Company has pledged all of the assets of the company for the current debt arrangement (current balance $88mil Canadian). 
Be careful!

Could you please redo your calculations  using a  $ Canadian  approaching and hugging   $  2000  per ounce....you originally used   $1400....moved it up to $ 1800...but using  $ 2000  is likely to be closer to reality....that's  $ 600  away from your original impressive calculations...I personally believe this  currency  GAP  has caused much confusion over the years....reporting sales in $ CDN   and using  $ US  for costs  because of some industry standards...I believe they pay $ CDN  for things like salary,  hydro,  fuel, cement,  gravel,   and coffee  etc...all their mine expenses are paid in $ CDN  to local Canadians....many do not understand this  and use $ US gold prices in their thinking...there is $  450  to 500 per ounce  difference ...yes, confusing    and if not correctly taken into account  can easily make us look far worse then needed....and certainly there is no guarantee  but it looks very much that gold prices have held very firm  at the $ US 1450  AND ABOVE  level  for some time...and even the  mighty  GOLDMAN SACHS  has forecast an average  $  US  1600  for 2020...so if you are         " forecasting "  could you again redo your numbers using  $ CDN  2100  per ounce   heading into higher grade ore   and 800 TPD  stable production....we know there has been production issues...we trust they are being resolved...so if you could please   forecast  using higher revenue  and lower costs,    that could be helpfull...thanks