GREY:LBEFF - Post by User
Comment by
ExSudburyGuy2on Jun 24, 2008 11:53am
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Post# 15222020
RE: News - Hart Project
RE: News - Hart ProjectFor everyone who said the release yesterday was good news, that was just wishful thinking.
It wasn't bad... but it was neutral at best.
Nash has been going on about how Hart was going to be a company maker. You have an indicated resource of 1.4 million tons. If you mine 2,000 tons a day, that's 700 days of mining. You're done there in two years.
So you'll get a year and a half out of McWatters and then two years out of Hart.
Yeah I know it's open at depth, but all you can bet on at this time is what we know.
I'm still hoping the price goes to buck and a half by the end of the year, but right now that looks like about the best I can hope for.