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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 deepthinker63on Sep 26, 2023 3:08pm
67 Views
Post# 35655309

RE:RE:Gold to $1700

RE:RE:Gold to $1700You don't understand.  Most of global trade and finance is dollar-based.  Foreign banks issue loans in dollars, even though they don't actually need to have large dollar reserves (Eurodollar system).  The Fed will help foreign central banks fund foreign commercial banks when those commercial banks are short of dollars via  so-called dollar swap lines.  But, those are not enough ATM.  Foreign central banks which don't have big dollar reserves and access to sufficient dollar swaps will sell gold in times of severe dollar shortage.  That's why we see the dollar rising and gold falling.
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