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You don’t seem to have the knowledge or background to understand how speculative and forward looking the companies statements are. You calling ANYONE “uneducated” is laughable.
Stop Lying! Hycroft Mine was already in production.
This is NOT a start up. Restart and start up are not of the same. SMH
VP Alex Davidson just posted a Restart update. Stop Lying as Every picture posted is from the Hycoft Mine. Due Diligence.
A mining startup is nothing more than a hope or a scam until there is a bankable feasibility study. Where is a link to their feasibility study?
Plus they are currently liquidating much of the equipment for pennies on the dollar that the CEO claims is worth over a billion dollars (if new).
Now be true to form and call me a liar and post more of the same unquantifiable general statements from the company, and unrelated memes that prove nothing. I love all of the stock construction photos you post that have nothing to do with this mine.
$1.2Billion invested, preparing for massive commercial operation.
A second Refinery is under construction with everything in place. This is a massive commercial operation.
Hycroft is expected to have a workforce of over 500 when it's said a done. All infrastructure is prepared, in place and ready.
Hycroft Mine Expansion Winnemucca, Nevada
SMG provided conceptual, final mechanical and structural engineering and design of belt conveyors including transfer structures and chutes. A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
http://www.smgengr.com/material-handling-systems.html
A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
Massive belt conveyors including transfer structures and chutes.
CEO Diane Garrett said; We have a tremendous amount of infrastructure already on site at Hycroft Mining Holding Corporation – infrastructure that, if planned and purchased today, would exceed well over a billion dollars. That advantage means we’re ahead of the curve of a typical developer.
https://www.linkedin.com/company/hycroftmining
SMG massive conveyor system.
http://www.smgengr.com/material-handling-systems.html
Hycroft Mining: Infrastructure and Equipment Owned by Hycroft
The facts are this is a non-producing mining operation, with nothing more than a few drill holes. Before it can be determined if they can be a profitable operation it will take $10s of millions of dollars worth of additional core samples. Then they will need an additional $10s of millions of dollars for a bankable feasibility study. After drilling and producing a study they will need to pull together a $1-$2Billion dollar financing package of both debt and equity funding for construction based on the feasibility study. If determined to be feasible this company is approximately $100 million dollars and several years away from production.
My opinion is that the ore grades for both gold and silver to date are less than impressive, and I doubt they will be able to show profitability as it sits today. Additional drilling may turn that around, but with todays data it looks bleak. That’s probably why they are selling off assets. They have to pay those executive salaries as long as they can.
Fair point and logical conclusion. Only a Russian bot would ignore the facts here concerning Hycroft (HYMC) and continue for years to claim all Central banks have failed and are failing, that the US Federal Reserve was shut down and is closed, and that JPM, WFC, BAC, C and the other large banks are all insolvent and being shut down. SMFH
***** Too funny ! HYMC ( Hyturd ) will go bankrupt again thanks to private equity aka Dianne Garret - whoops
ENOUGH SAID
Restart, Potential underground starter mine at Hycroft
It will cost multiple billions of dollars to construct but probably not soon.
Acquired in 2021, shut down in March 2023. They're selling off all the equipment this year, dumb ass. That same LinkedIn resource I posted is selling their gear too. Check it out, Short Bus. I am buying silver bullion from their outlet in Vegas though, because, you know, they actually mine and produce silver from their other operations in Mexico and Canada.
***** Too funny ! HYMC ( Hyturd ) will go bankrupt again thanks to private equity aka Dianne Garret - whoops
ENOUGH SAID