RE:RE:RE:RE:RE:Harte lnvestment
jsnfernley wrote: I took a brief look at their 2021 FS for increasing mill capacity to 1,200, they showed measured resources of over 15gpt. They mined 7.1gpt of reserves in the last quarter, and the 2019 FS plans showed 7.45gpt.
I see several options for Harte to save this, assuming forbearance from the lenders continues:
1. Mine the measured resources at much higher grade, if possible. These would need to be close to the present UG infrastructure or the development cost might be prohibitive.
2. Mine higher grade at surface, if possible. You would lose some of the crown pillar.
3. Sell some of their operating losses, assuming this is still done in Canada.
On their present course they will only operate as long as the lenders don't force them into bankruptcy.
I did not agree with NGD buying equity. I would rather them fail 3x at exploration of optioned properties that had potential to be a mine than invest in a marginal operating mine (give the same amount of money).
Easy to tell all those ideas, but BS. I don't think this $hit will not go forward unless some miracle happens or this is all a trap for the retail investors!
I wish to believe the second one is the reality....