HRR - gonna make money or not?, page-16

First 16 Last

Share
Profile

Follow
arsenic

6,739 Posts.

179

03/11/17

10:25

Post #: 28465809
Share

Originally posted by arsenic ↑

I didn't discount in mining cost but they did. In the DFS which values it at 7.5c.

Since you're going to discount all the potential mining problems you must be certain the mine is going to run perfectly fist time every time, is it?

As for losing the seam. I'm not saying losing it and never finding it again. I'm saying enough to cause a delay.
Are you saying the geology and exploration drills holes go exactly where they are expected to be, as is the ore. Even though some is in the probable category? By definition do you know what 'probable' means. I know you want to talk you own game as a miner but there 's more to it than operating a jumbo. The mine manager may know that.

BTW, I have known more than one mine that has deviated from the ore, enough to cause them to need to capital raise. I would be surprised of many mine managers who do not. Herbet Hoover was a famous one who did. That you discount the possibility shows your level of mining experience.

As for your metallurgical knowledge. I'll discount that to the amount you displayed =0.

If the project is a cracker why didn't people pay more then 7.5c in the capital raising after they tried for months? If you're counting on it being completely mis-priced to the new major shareholders and you know more. I know whose assessment I'd rather take.

Expand

I guess the proof of the pudding is in the eating. Most of the producing base metal stocks are up 30% since 1 July as a response to stronger base metal prices. Sally Will gave you an example of an explorer, CZI is another I've been commenting extensively on. Keep following your argument and see how you go. The rest of us will just 'point to the scoreboard'.

HRR Price at posting: 7.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

There are more pages in this discussion • 10 more messages in this thread...

First 16 Last

Add HRR (ASX) to my watchlist

HRR - gonna make money or not?, page-16

Top Stories

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Cyclone signs MOU with Vale for development of Iron Bear play