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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

Post by deepthinker63on Aug 16, 2023 3:52pm
104 Views
Post# 35591658

Forced sale

Forced sale

The fact is that time is running out on Unga renewal.  The plan was to prove up an UG mine at AP, sell it, and use the money to re-up on Unga.  Time is crucial here. 


What I think will actually happen is that Torex or other will seek to buy all of Heliostar.  Torex in particular is locked into Mexico, and that's risky these days.  There might be some deal where Heliostar gets to keep some exposure to Unga.  I think this will all go down in 2023.

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