Harte Gold Corp. T.HRT

Primary Symbol: 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. > Is it over ?

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Comment by bufordpusseron Dec 06, 2021 5:31pm

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Post# 34203960

RE:RE:RE:RE:Is it over ?

The kicker is how much of the debt has to be paid off in any deal.

Total liabilities are 166 million.

Mining at a $500 profit per ounce if that is ever possible, would require 332,000 ounces to be mined to cover the debt.

You still would then have the cost to mine the 332,000 ounces.

Thats one way to look at it.

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