EXPM:HRTFF - Post by User
Comment by
HarteofGoldon Nov 13, 2017 12:17pm
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Post# 26951722
RE:43-101 resource update
RE:43-101 resource updateactionguy wrote: Some of the recent selling and sp decline has to be attributed to the upcoming 43=101 resource update and whether it will hit the 3 million ozs that Harte has projected in its corporate presentation released in october. I have zero knowledge if Harte has raised the bar too high ,and certainly if the 43-101 doesnt "prove" the 3 million ozs the market will show its displeasure. DONT over promise and under deliver was posted. However, to any of our awesome,knowledgable posters here (rev,driller,rollon etc), with the amount of drilling taking place since spring and continuing with 6 drill rigs i believe all drilling the sugar zone almost specifically to increase the 43 101 and hit the projected 3 million ozs,has HARTE overpromised ??? the resource update is due q1-2018. that means we are still on target with a release end of march. They can always delay the release again i suppose if need be to q2 -2018. I dont believe they are going to release anything lower than 3 million ozs ,its a matter of when that gets released. With our regional drilling ongoing and new zones currently in the initial drilling phase,there is much news upcoming,its not all about the 43-101. The Sugar zone drilliing updates are at depth have been excellent. Steve roman and team didnt just yank the 3 million oz. resource projection out of their a s s just to create a buzz,obviously it was all formulated by the amount of drilling they were going to do with assays returned and the depth they are going at sugar. Some of middle zone is going to be included in 43 101 as well i have read. So,since the sugar zone drilling has continued to provide excellent results and appears to be a continual zone with the middle zone,We will hit 3 million ozs. Its a matter of when,not if. Lets not forget how excited and promising the overall land package is,we might be projecting a 10 million oz land package in 3-5 years. Share price seldom rises as fast as we all would like,rise and sustain that level the key. Im LONG AND STRONG,the recent slip in sp hasnt surprised me,discouraged me yes,but not surprised. Going to ad to my position closer to xmas at the completion of tax loss season,we could be .35 by then,as currently we have minimal support below the current .42 sp all the way to .35.
Well stated and I agree with you. Once SR has discovered 3 million onuces in the Sugar and Middle zones he will report it no matter how long it takes.