OTCQX:DMMIF - Post by User
Post by
Bailey3on Aug 29, 2019 7:07am
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Post# 30078192
Interesting
InterestingAlways thought a good comparism for Coregold was Harte Gold. They just announced production of 7500 oz last quarter at AISC of over 1700.00. Coregold was going to have a run rate of approx 50,000 oz per year with a capital spend of 3 million dollars. Presently probably around 5000 oz per quarter. Quarter will be announced probably tomorrow but figures will be negative in all likelihood by the shenanigans of the board of directors trying to force through an unfair and unreasonable merger with Titan Minerals, a decision confirmed by the courts.
Harte Gold has a market cap of 190 million
Coregold has a market cap of 27 million
Announcement by Harte Gold that CEO has resigned. They are also searching for a new CFO and a new COO, and there are resignations with certain board of directors, and new additions. The title of the news release is Harte Gold Accelerates Plan to Bolster Management and Provides Financing Update.
In my opinion , with Coregold having world-class properties-Copper Duke, Linderos, Dynasty Fields, Zaruma , and Jerusalem. Proven and probable oz in the ground, and a nameplate 2000 tpd mill, we should be valued at a minimum, equal to Harte Gold., which would value our shares close to 1 dollar fully diluted.
It is time for the management , and board of directors of Coregold to follow the path of Harte Gold and resign, or is there something else up their sleeve? Titan perhaps? or Worse. glta,imho