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Harte Gold Corp. T.HRT


Primary Symbol: HRTFF

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior. It includes approximately 4 mining leases and 336 unpatented mining claims. In addition, it also consists of approximately 29,435 hectares within the Sault Ste. The Stoughton Abitibi property is located approximately 110 kilometers east of Timmins and 50 kilometers northeast of Kirkland Lake.


EXPM:HRTFF - Post by User

Post by Goldon45on Jul 09, 2020 8:02pm
151 Views
Post# 31248831

Exploration play.

Exploration play. I am very sure SR's original plan was to keep this an exploration play but exploration is expensive.  At the time, nobody wanted more dilution and financing for juniors was still very tight. 

GP was in the $1200 range.  

Maybe SR should have solicited low bids at the time.  There was no one willing to pay top dollar during mid-cap consolidation days. 

Opening the mine and mill was a way to finance further exploration without continued dilution.

SR is a great exploration guy and he does have significant mining experience.  Building and running a mine on a very tight budget was and is the problem.   The company has been under capitalized from the start. 

So, better as an exploration co?  No, the returns would have been minimal.  It simply wasn't an option.  

I don't fault SR too much.  The buck stops with him but he wasn't alone in directing this.  He wanted it to work as bad as the next guy.  It may still.  Who knows.  It wouldn't have made it as an exploration company though. 
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