EXPM:HRTFF - Post by User
Comment by
rollonon Jan 19, 2019 12:39pm
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Post# 29255531
RE:RE:Thoughts please
RE:RE:Thoughts pleaseTA, I concur with your estimates. My calculations at 3M ounces reflect ~1.40. Exploration, as you state, could change that but for the time being I thing that's a fair estimate. Along those lines my calculations suggest that two Million ounces (proven + inferred) would get us to ~1.00 range which I think is the likely scenario when we get the news and the market has time to process the information. There will be a window of opportunity to accumulate from the price we are at today. A little patience. Long & Strong. Opportunities like this are rare.
TA_Investor wrote: You think any major would pay $2 for HRT right now with what they have today? No way that will ever happen. That would value HRT currently at 1.35 billion including debt. This stock is worth nowhere near that today...Dalradian got bought out for I believe 560 million and it had 6 million ounces of gold at 12g a ton. To be fair the deposit is in a different place and costs to production would be different. But you see the point. Even paying 600 million for what they have now would seem high to me... I would not pay more than 60 cents a share for Harte today, if they can prove up 3 million ounces maybe $1 to $1.3 a share assuming there is no more dilution in that time...Exploration drill results could change that number for sure---which is why most of us are probably here.
Who knows what SR has planned, but drilling the sh**t out the property as fast as he can would be a good start to see what lies beneath our large land package... I own HRT now, but fewer shares than I did 6 months ago. Will buy more if I see news I like in the coming month or 2..