Harte Gold Corp. HRTFF

Generation mining

[Fredfudpucker00]

Have a look at GENM new $240 million financing deal today. Quite the deal.

[bufordpusser]

fred, am I reading this correct? "Wheaton will make ongoing payments for the gold and platinum ounces delivered equal to 18% of the spot prices (“Production Payment”) until the value of gold and platinum delivered less the Production Payment is equal to the upfront consideration of C$240 million, at which point the Production Payment will increase to 22% of the spot prices." if I am it

[Fredfudpucker00]

Buford, these streams are not the main metals of the deposit. Palladium and copper are. So with this money they get rid of Stillwater shares , and have more cash to help build a mine. Check share price today.

[MudCreeker]

"...looks like the ones who built the mine (shareholders) are getting screwed."    That mine will be a Palladium mine, with a significant Copper byproduct.   Platinum  and gold are secondary byproducts that make up like 10% or less of the revenue.  They've pre-sold essentially all the gold, and a quarter of the platinum, for about a third of the capital

[bufordpusser]

nice, my "Marathon" mining stock was only up 3 cents, rumours over on that board is that moz will show 8 million ounces when all is said and dun.

[MudCreeker]

Interesting, I've owned MOZ since they ownrd the project GENM is now developing, as MAR.  Did very well on that one.

[Specific]

I've held moz from day 1 as well as hrt that i sold 6 months ago and genm for 2 years according to Meatloaf  ......"two out of three ain't bad"