Harte Gold Corp. HRTFF

Metals & Mining Gold

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

Harte Gold Corp.

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Post by TA_Investoron Mar 07, 2018 7:37am

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Post# 27673835

Share Buybacks - - Not very relevant!

Hello,

With the endless talk of share buy backs, it really does not matter (IMO) If we prove up 5 million ounces then who cares if there are 600 million Share O/S --stock will still be 3 bucks. When the mine is up and running how free cash flow per year will Harte have? 20m ? 50m? We will need to fund future exploration too, so even if we spent 20million on buy backs a year at say 75 cents a share ( im assuming this stock takes off once we know more about property) It would take ~ 4 years just to buy back 100 million shares. By then this will be sold for between $1 and 3$ a share or drill results will be so bad for the next year that we will all dump our shares anyways.

Ounces matter way more than shares O/S --- IMO -- I would rather they double the drill budget to drill 160K meters in 2018.

Just my thoughts

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