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Heliostar Metals Ltd V.HSTR

Alternate Symbol(s):  HSTXF

Heliostar Metals Ltd. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, and development of mineral properties in North America. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. The Ana Paula Gold Project is an advanced-stage, gold development project located in Guerrero State, Mexico. Its San Antonio Gold Project is an advanced stage gold development project located in Baja California Sur State, Mexico. Its Cerro Del Gallo Project is a gold-silver development project in the State of Guanajuato. The property comprises 14 titled concessions covering 15,276 hectares (ha), and surface rights to land totaling 445 ha. It owns 100% or has the option to acquire a 100% interest in three properties in the northern portion of Mexico's Sonora state: the Oso Negro project, the La Lola project, and the Cumaro project. The Company also operates the San Agustin mine, El Castillo mine, and La Colorada mine.


TSXV:HSTR - Post by User

Comment by gemcutteron Sep 23, 2021 8:59pm
113 Views
Post# 33912341

RE:RE:RE:Gold Stock: Wunderkind Aims To Do It Again

RE:RE:RE:Gold Stock: Wunderkind Aims To Do It AgainI just personally take Funk's interview remarks as having some base to them in regards to any investment discussions with the Sprotts of the world and more fund managers, etc. He did use the 12-15 million number and said a joint venture in Cumaro is off the table--not seeking/taking offers. Sprott came in a year after me and it was 3 million usd at >09 cents/share. So he's underwater from $1.35 a share now---he did sell some but not much as I understand it.  I do like the 80-20 Unga to Mexico ratio as Funk stated in the interview. So with only 1-2 million in the bank I just feel--IMHO--that there's been solid interest from bigger money for both Alaska and Mexico which made Funk feel like he could say the 12+ million next number needed and the company is a  NO to JV at Cumaro. And yah, hoping the next step is as little dilution as possible. I've always said these guys have a 20,000 meter drill goal and that's the first step. I.E. the first million ounces provable has been Funk's mantra, but he mentioned the 20, 000 drilling number long before the hopeful million ounce to recertify number.

All the best folks!
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