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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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Comment by Flyhi2004on Jul 25, 2020 10:40am
138 Views
Post# 31318645

RE:RE:RE:Hedge Cost US$7.325 million

RE:RE:RE:Hedge Cost US$7.325 million
Firstly I am glad I am incorrect and it is not 50 million lost revenue should gold hold at 1900 for the entire hedge program.

Second does this mean if loss is 165/Oz when gold was 1600 is  potential loss is 12 million with a 1650 - 1700 gold price. Also at 1900 gold price what would the lost revenue from the hedge be.

Any financial wizards out there that can explain exactly how much damage the hedge costs Harte in lost revenue at say 1900/Oz gold price.

Can anyone put down the loss in simple terms per ounce on the 80000 oz hedge program with a gold price of 1700, 1800 & 1900.

I understand they must have been forced into the hedge program just as they were forced to give Appian a huge piece of the pie. Having said that IMO they should have had thier finances in much better order for this project and the company was mis managed IMO.

The stock price reflects where we are and yes we all know why we are here.
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