Opinions
Larry Berman CFA, CMT, CTA
Harte Gold Corp
HRT-T
DON'T BUY
Mar 27, 2017
Stock price when the opinion was issued
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Located in the Sugar zone in Ontario. They’ve drilled the top 400 m of their deposit, which has a decent grading resource at about 7-8 g a ton, and have about 4000 ounces. That means they have found about 1000 ounces per vertical metre. That is a pretty good metric for the start of a deposit. He would like to track this to see how it goes as they go deeper, and if the deposit can grow some legs on it. Pretty interesting.
They are mining gold in Ontario in the second half of this year. He has been focusing on tiering his risk. He likes producers and these guys will be in production in a year or two, perhaps by the end of this year. At Canadian prices, Gold prices are tremendous. There is visibility in their production.
They have never had any revenue. Nobody knows what will happen so they are speculative. He thinks gold will have a rally up to $1350 if we go unto uncertain on the equity market. ZJG-T is a junior gold ETF and a better way to play it.