TL might be a nice guy F2F, but it's quite clear he's got a problem with telling the truth....especially to shareholders. And as for Harmony losing money at Hidden Valley... that's certainly not true today. Harmony bought out Newcrest when the mine was losing money and successfully turned it into a profitable operation that makes between A$70 - 80 million profit annually.... refer to their 2020 annual report which said the mine sold 160,000 oz at US$1504/oz and an All-In Sustaining Cost of US$1120/oz. The year before they produced 200,000 oz of gold at similar cost and profit. And while the current remaining mine life is short, it'll still run for another 4 years with a planned extension of at least another 4 years beyond that. And I can tell you the geology of the area is good for more mines with a few similar low grade prospects identified in the general areas that they lease.
NIU Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
