Bullboard - Stock Discussion Forum Harte Gold Corp. 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... see more

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Harte Gold Corp. > There's gold in the ground

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Post by PG1313 on Nov 18, 2021 1:22pm

There's gold in the ground

There's no doubt the sugar zone mine sits in a prolific greenstone belt with a strong metal endowment signature. The geology is there, and so is the gold. The problem is, the company has accumulated so much debt to get up & running, that it's taking some time to pay it all off (+ covid closures and outbreaks haven't helped). The mine is hiring miners, drillers, senior geologists, HR staff, etc. From a deposit scale perspective, it is fundamentally significant. I can see this mine rebounding. Whether its Harte management turning it around, or another company...we'll have to wait and see. Don't give up on Canada's newest (still?) Gold producer just yet.

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Comment by Flyhi2004 on Nov 18, 2021 1:32pm

No money AISC 2500/ Oz Hedged gold at 1390 until 2024 24% interest rate on debt Stock price 80 cents to 2 cents Over 1 billion shares out DON'T GIVE UP BUY MORE STOCK NOW

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Comment by Homestone on Nov 18, 2021 5:35pm

Your numbers are off Fly higher.Aisc is not 2500 it's more like 2265 CAD and gold is trading at 2343 CAD. I believe the interest rate is 19 percent on the Appian loan only,payable in shares.It's not likely all the debt is at 24 percent.That's laughable.The hedging until 2024 is not for all ounces ,only a portion.There is much to look forward to with this operation as the aisc has been ...more

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Harte Gold Corp.