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 Aug 15, 2019 8:27am

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Post# 30030730

Numbers

Good numbers considering the mine is only operating at 591 tonnes a day, plus still mixing with lower grade stock pile and were mining issues during the quarter.

By working the numbers, once we are at full capacity with 100% mined ore at 6 grams head grade we should be producing closer to 12K ounces conservatively and over 22Million in revenue (CAD) very conservative numbers. Could be be higher especially if gold price stays above 1500.

Then they will be cash flow positive and be able to service the debt and so some exploaration.

Better numbers than I was expecting.

Good luck

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