HOR 0.00% 0.8¢ horseshoe metals limited

HOR stockpile value 45m - take a shovel and a truck, page-3

  1. 3,194 Posts.
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    Ladies and Gentlemen,
    former CEO of HOR, Neil Marston, a really honest, competent and very good guy, twittered the value of stockpile yesterday:

    "There’s about $10m worth of #gold in old vats alone (~200kt @ 0.6g/t = 3.800oz) ready to be put in a truck to take to a nearby gold plant!"
    "There is about 250kt @ ~1.0% #copper in the ROM (M15) stockpiles. At current prices that’s $14k x 2,500t Cu ($35M ). Cost of transport and processing only apply so it could be feasible to move to $SFR plant and make some fast IMO"

    10m Gold
    35m Copper
    Take 2/3 after costs = 30m cash.
    I hope management is pragmatic as we hope, and it is possible this way.
    WOW! I think HOR is still flying completely under the radar.
 
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