EXPM:HRTFF - Post by User
Post by
JAB1987on Jul 25, 2020 6:02pm
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Post# 31319495
Blind Speculation
Blind SpeculationAnyone starting to get a tingly feeling like were about to see why the Appian overloards have committed so much capital to this project?
Market cap is sitting under 120 million and yet the ounces in the ground have been stable for a couple of years. Sprott just took a considerable stake in Landore which IMO has many of the logistical issues HRT had (location, trucking, milling etc). When you look at Landore, it's not even comparably as strong with respect to test trilling or ounces in the ground. Yet market cap is sitting at 20 million and the dillution is still pretty bad with no production.
I'm not all in HRT but seriously considering levereging additional capital simply on the basis that I don't think Appian taking a haircut will be palatable for thier investors.