EXPM:HRTFF - Post by User
Comment by
wawaonton Dec 14, 2020 2:14pm
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Post# 32101289
RE:RE:RE:Ore grade
RE:RE:RE:Ore gradeHomestone wrote: Good to hear that the grades are getting better,though hard to say where the price of gold is headed.Some say sharply up and 2500 by mid 2021 however if the aisc is still high there is still a problem.The Aisc has to come down as sharply as gold goes up to have any real effect.Bottom line is we are still operating at a loss for the foreseeable future and until that changes or there is a big discovery this company is going nowhere.TT8 will hopefully prove itself and Frazer and the team have to also prove themselves for this company to move forward.GLTA
Increase in grade is actually the best thing possible. It adds revenue with very little expense and therefore if we are in fact up 40% you should see a large drop in AISC from grade alone.
The most likely price of gold for the next few years is exactly where it is now. Speculating on something that Harte has no control of (unless they want to hedge some more) is pointless.
As I mentioned before, if they can get close to 800 TPD, 8.0g/T, and gold stays in the 1800-1900 they should be able to see profit and hopefully this occurs in Q1 2021.