EXPM:HRTFF - Post by User
Comment by
actionguyon Apr 05, 2019 12:00am
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Post# 29585709
RE:did someone forget a "reality check"?
RE:did someone forget a "reality check"?There is an interview that Roman discusses postponing a feasibility study and jumped into a bulk sample. Gets us into production quicker. They were confident that the sugar zone contained morte than enough gold to sustain a small mining operation at the least,with the potential to become a large mining operation. They felt at that time that the information gained by conducting a bulk sample was going to give them more information regarding the deposit,grades,nature of the orebody,what type of recovery was going to be most sucessful. Its all worked out marvelously. We have a marvelous deposit and we are now producing. What everybody is failing to remember,is that we are funding major exploration on the property,budgeting for another 80,000 meters of drilling i believe in 2019,but will likely come in with 100,000 meters by the time the year is over. Extensive Induced polarization geophysics as well. If we werent expanding the resource and drilling ,we could just mine and reap the profits. We are reinvesting in the mine. Expand the resource,find more gold. Also,the postponed feasibility study was actually announced it was going to be released the first week of april,and that was in tuesdays news release. Now,the study will be more of a complete and updated study,since we have 6 months of mining under our belts and the knowledge gained from the mining process to help us move forward for years to come.