EXPM:HRTFF - Post by User
Post by
BigIsBeston Apr 23, 2020 6:44pm
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Post# 30947271
A Positive Outlook
A Positive OutlookI know it has been a tough year or more being invested in Harte Gold. I’ve been waiting 10 years now but I still have a positive outlook. The last ASIC of US$2,079 was horrible and IMHO is by far the major reason for the share price slide. The new management knows this and they are going to get it down and will have already made good progress in Q1. When a new official lower figure is released, and once production resumes again, the share price will go up again. Patience required.
Also, rather than looking at the daily share price and getting emotional, my advice is to build your own model in a spreadsheet and play around with the main price drivers: AISC, Harte gold reserves, gold price.
You may find that it is certainly possible for the share price to be over $2 by, say, the end of 2021 if you assume, say, AISC US$1,250, Harte gold reserves 2.6m oz (i.e. a new discovery of 1m oz), gold price US$2,500. All achievable.
And the company still has blue sky potential. Stay positive – the glass is more than half full.
GLTA