Harte Gold Corp. HRTFF

Ore’s worth

[Fredfudpucker00]

After reading Sacks (dec.22 - 8:43 pm ) post on GENM about value of ounces in the ground,can someone give their opinion of what Harte's real value of M&I and P&P ounces in the ground is now worth. Hopefully someone following  both BB 's can comment.

[bufordpusser]

The problem fred is finding a legitimate document. There is this https://minedocs.com/21/Sugar_Zone_Expansion_FS_01012021.pdf from which you could refer to page 70. I don't believe there are no mineral reserves, only resources so not much information really to base a plan on beyond several months but I am no expert.

[MudCreeker]

Actually, in that document. on page 208, table 15-3 shows Probable Reserves of 797k oz Dec 31 2020..  No Proven Reserves, apparently because the drill holes it's based on are too far apart. Subtract what they have mined since, what are 750k oz of reserves worth?  Add the value of the infrastructure (plant, tailings facility, etc.).  Call Apian's accountants because they'

[bufordpusser]

Lets assume someone could mine 500,000 ounces at a profit of $500 per ounce. That's 250 million profit to mine whats left. I don't see someone paying much more than 50-100 million for the assets to take that chance as described because there may not be 500,000 ounces left to mine and a profit per ounce may be not come for several more months. Of course there could be 700,000 ounces left to

[Fredfudpucker00]

From the article I read they say P+P reserves are worth $160 per ounce. If this is true 750k oz comes in at $120 million in the ground. Maybe this is too simple a way to look at it , as proven and probable reserves definitely are not the same. With this infill drilling being done maybe some of these probable reserves would now be considered proven reserves. A number of companies use P+P in company