Harte Gold Corp. HRTFF

1200 TPD

[Vancity1]

Let's just say for a second that next Q Harte announces that the 1200 TPD feasibility study has been completed and the board approves it moving forward. Now let's also start say production moves up 12000 ozs per Q. Now let's say that gold reaches and surpasses 2000$ per oz for the majority of the year. This is all best case scenario but I like to be optimistic. I see Harte moving back up very quickly next year after our next Q.

GTLA

[Homestone]

That's a nice dream,Why don't you add in a big find  on the property as well.Then your "dream" will be complete.A couple of issues with your scenario.One is the company is in financial trouble and needs to address that problem.Two is they are having a hard time getting enough ore to surface to get 800 tpd let alone 1200 tpd.I'm not saying your scenario is impossible

[Vancity1]

It's a new mine they have enough reserves now as is to operate for a many years although drill results that show an increase are always helpful. 1200tpd may be a stretch today although I see management making it happen in the future as the gold rush escalates. Also I don't see the company in financial trouble at all they have 23mlion in the bank. 

[Homestone]

 Not to be sarcastic but maybe you should read about the money situation.It is not good.23 million is peanuts in this business .They are not going to be able to meet their financial obligations to make loan payments and will have to refinance .Borrow from Peter to pay Paul so to speak.There is a huge payroll that must be met as well as many other expenses.Remains to be seen what will become

[Sharegar777]

 If we can continue to ramp up production and increase mill capacity whilst increasing efficiency as experience is gained then the future can be very bright.  The grades in this mine will increase significantly and be sustained as we mine deeper and this is the reason I take on risk with this stock.  Assuming there are no major disruptions to the plan (Covid/Pog or xx) I am of the

[Fredfudpucker00]

Sharegar, while I believe this mine will prosper at some point , could you please tell me how you think they will get needed financing for continued cash flow,and financing to increase mill capacity.  It will be interesting to see how they proceed.

[Specific]

  pretty hard to proceed when hrt has a $100m anchor around their neck if it looks like sh!t and smells like sh!t.....u know  just don't step in it its easy to say no where to go but up....... however it is definitely uphill and a skid down is very  possible there is just not much meat on the bone here the credit holders are having a hay day  something like 14%

[Vancity1]

It's called pouring gold bars... 9-10,000 ozs per Q 

[Homestone]

That's not enough,the goal is 15,000 + oz per Q

[Flyhi2004]

Vancity...did you investigate... Thier AISC is north of 2000 US/oz still and they hedged 20000 oz/year till 2024. Owe over 100 million at 14% interest and NSR of 4% I think  with no ability to cover debt payments in 2021....

[Homestone]

That's good fly hi, I was just going to suggest to van city to do a little research but you beat me to it.

[Vancity1]

Why are you even here ? Sound like a short seller 

[Sharegar777]

Fredfudpucker00,     I think Harte would probably have access to debt from the same sources as before.  The question is, at what cost in terms of dilution to shareholders/ Interest payments and time frame.  I guess that our existing creditors would not want to be diluted by some other Institution at our current SP.  If we show real progress in the coming months, then

[RedBaron1234567]

Who cares at what cost or dilution  I suppose you would be in favour of no further financing in exchange for no dilution of shares in a bankrupt miner  who cares ?!