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.

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Harte Gold Corp. > Buy out price?

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Post by stalliereon Aug 04, 2021 2:13pm

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Post# 33649113

Buy out price?

I could be totally out to lunch here but let's run some numbers:

The total debts excluding payables is about 144 million. Let’s just say $150 million. If you divide this by a little over 1 billion shares that’s about $.15 a share. If a buyer wants to take this over and we use a conservative estimate of over 1,000,000 ounces of gold in the ground times the price of gold less an efficient cost used for AISC and times 1.25 cad we get say $1 billion cash flow and we divide this by 1 billion shares that’s about a dollar a share. If we discount that to $.50 a share then also deduct the debt per share of $.15 it still leaves $.35 a share. Am I totally out to lunch or are we missing something here?

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