Harte Gold Corp. T.HRT

RE:RE:RE:Value

[DRILLER64]

rollon wrote: Driller sorry for the confusion. My calculation is based on the value of a resource of 3M ozs which is not yet defined. It is not a calculation on an operating mine. It is simply what the worth is to a prospective buyer of the project. A project is worth more if it is easily accessible and is surrounded by mining expertise and infrastructure. I think Harte and the White River location scores high in this department. First Nations, as demonstrated in the Ring of Fire, can delay any type of buyout. Proximity to infrastructure also poses a problem. The spread between the current price of .62 on the bought deal is a reflection of what the potential reflects and not yet a proven resource other than the existing N43-101 which will be greatly improved. Hopefully to 3M ozs. I firmly believe that Hartes ultimate goal is to sell the project to a major. That said they need a proven resource well above 1M ozs. The reason they have changed the goal post from 1M ozs to 3M ozs and delayed the new N43-101 until later this year. Sorry for the confusion. Again this calculation simply reflects a value based on a resource of 3M and as such additional inferred but not proven.

I hope you are right but my reading on the future is with the money being spent and contracts being entered into for the advancement of Mining is substantial . As well the drilling and Arial surveys are mounting costs to a substantial Unknown Burn Rate at this point in time. The actual Working Capital available is $15,200 M @ March 31,2017 (Current Assets Minus Current Liabilities). Is the New $20M for the mining obligations or for the hyper exploration costs. And therefore are we looking to further Dilution. Is My share of the Pie in Jeparody?