GREY:HTRRF - Post by User
Comment by
nofluffon May 02, 2018 9:43am
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Post# 27969301
RE:RE:RE:Too Little Too Late
RE:RE:RE:Too Little Too LateNothing will happen until after options set at agm for sure. Probably another pp as well. Interesting that that cem are doing a share consolidation and then a 15 million pp. Cem was an excellant example. They have almost the exact grade and volume as htr. They are 60 k inland to htr on tidewater. They own 50% of project to htr 100%. After pp cem mc will be 35 million for half the deposit. 70 million combined jv.
Htr mc is 7 million sp plus 7 million debt for total mc 14 million. A slight disparity. 30 cents brings us to parity. The cem jv will have total of 30 million to drill and do feasability. If we follow patern and sell 49 % for 35 million, we are then valued close to cem with same cash. Lots to finish drilling, pay debt and feasability.
Thanks for the cem info Alan.
nf