EXPM:HRTFF - Post by User
Post by
rollonon Aug 12, 2017 9:46am
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Post# 26574182
A few Comments
A few CommentsInitially the Mill was going to process 500 tons per day and this would result in 50,000 Ozs per year. That was based on a resource of 1M Ozs. And the PEA completed in 2012. (see web site) Suddenly the goal changed to 3M Ozs. I would think that this would change the dynamics considerably. Subsequently a new issue is done and Appian buys additional shares and maintains their 19% position. HMMM?? I sense is that we will be getting a new game plan shortly. I concur with the Rev when he says that Management really is not interested in developing a Mine. Their preference Im sure is a buyout albeit they have a backup plan with a possible milling operation while they continue exploring the 80,000 hectare land package. Cash flow would be generated in the interim. At any rate this is getting very interesting either way you look at it. We will be getting financials shortly and the management discussion piece will give us additional details. Things in life as in Mining are never simple!!! (LOL) Long & Strong