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Maybe they saw this morning's news?
She says it at about 20 minutes in the interview.
"The other thing..."
Sounds exciting to me.
Hycroft using its money
Ceo diane is the moneyball ceo of mining imo.
"Every ore body is different, you don't just pull a mill off the shelf and plug it in"
https://omny.fm/shows/dig-deep-the-mining-podcast/diane-garrett-ceo-of-hycroft-mining/embed?size=Square&source=Twitter&style=Cover
That’s just like, your opinion, man.
My opinion is Alex Davidson + $20 million drilling = high grade discoveries.
We will see.
While waiting on @HycroftMining drill results, I took a little trip... and ran into a friend! https://t.co/mSgsPOm8Eo
I thought it supposed to be 516.8 million. No more no less. Unless?
I thought that was a different poster...
Lol, it was a 2 year old price target anyway i think.
Basically market is like no f's given to the fact it is the largest gold and silver deposit in North America and have close to a billion dollars in replacement cost terms of equipment and already built facilities on site.
Price targets are dumb. All I know is they have $156 million in cash on hand as of 2nd qtr and not burning through cash and with 5 years to repay debt, so current share price is basically cash on hand and equipment they just sold for $12 mil.
Interesting reason why regarding his apparent epiphany
They had $160 million after q2 concluded. And my math they still have probably another $30 million between the still to recover from leach pads and the 5800 ounces of gold awaiting settlement, and they are now owed $12 million for the sale of equipment. And that doesnt account they have per Diane Garrett's assessment about 750million to one billion dollars worth of equipment and facilities already on site.
This basically is being valued at the cash in hand and gold value on the pads and in inventory. Right now no value is being given by the market to the equipment and facilities on site, let alone the value of the gold and silver minerals in the ground for the largest resource in all of North America. 10mil au and 450mil ag with $20 million exploration to grow the resource even larger
The dollar has been exceptionally strong lately, so that has kept a lid on gold and silver for the moment. Not advice, but you get dollar for dollar just in cash and recoverable ounces on the pads from the old rom operation, and you get the wound up tight leverage to the price of gold and silver that by all accounts should move to the upside soon.
Just my opinion.
Which means what? They have a pretty capable one in there now.
Lol, she took romarco from 20 millions, bought the Haile gold mine for a million, then brought in a geologist that reimagined the area, and then 5 million ounces of production later and turned it into a billion dollar company before selling it to Oceana Gold and she was there as CEO for like 17 years.
So that deer in headlight fud dont stick
Are you still waiting for an earnings call? There isnt one. Not sure where that august 14th date came from. Hymc released the quarter filing on like on the 3rd or 4th and marcel brought it up in the recent august 4th interview their eps this qtr was like -.01. They are still producing gold and silver from the pads and will thru year end. They also still have like $160 mil cash and just announced a 20 million dollar exploration.
They dont do earning calls like amc do
See newest tweets from @ceoadam
I know why this is down today...
US theaters are set to cross $1 billion in admission revenues for the first time since Dec 2019.
$984 million as of the july 25th data
https://www.boxofficemojo.com/month/?ref_=bo_nb_di_secondarytab
So, we either already hit $1 billion yesterday after the receipts are tallied, or it happens today.
HYMC added a Finance Committee to their Board of Directors.
Finance committees "May also oversee investments, dividend policy, credit and other market risks, share repurchases, and mergers and acquisitions."
https://corpgov.law.harvard.edu/wp-content/uploads/2018/07/ey-1.png
Ok, so 20 cents times 23 million shares is still less than 6 million times 1.15
They also picked up 6 million free shares of NCMI currently at like $1.15/share.
Amc has 23 million shares of hymc, currently valued around a buck a share that they bought for a buck o eight or something right? So, they are down 2 mil on the investment? Big deal there
you are talking a small amount by comparison the complete miss by the analyst forecasts this quarter
What will happen when AMC announces a Q2 2022 profit? When the analysts all still think it won't happen until 2024?
The market consensus is 1.18b rev and .20 cent loss per share.
I say it will beat the consensus revenue by 200 million
I think it going to be 1.35 to 1.4 billion and a 20 cent positive eps.
AMC is destroying the thesis that movies are dead, and August 4th is going to be AMC perfectly popcorn day.
It is a rough industry and not exactly meme friendly or whatever.
For every 1000 exploration projects, i think it is like 1 or 2 that actually become producing mines.
It is a slow process and patience is required and can be long silence between news.
I would listen to everything and all perspectives. I listen to the skeptics here too. That is why I am here.
You learn that to date, the gold mined at hycroft was the oxides and all of the gold is low grade.
So you hit the transition zones and the sulfide materials, and you need a different process for that.
Hycroft is in that transition to commercial scale but the economics of the sulfides and how to process them comes into play when you are finalizing the flowsheet and doing the mine planning. Refractory ores are now about 22% of world production but can be difficult to mine.
Hycroft has a variability study on the transition materials and waiting on some drilling results to come in to again be able to fine tune the economics for the flowsheet. They are looking at a combination of pressure oxidation pox processing and milling of the sulfides.
They also have the potential to find more zones of oxide materials, and areas of higher grade gold within the resource.
They can continue processing already mined oxide materials on leach pads. They have potential to convert waste ore into resources within the current mine pits. They have ore already mined and set aside for processing.
They have Dr. Diane Garrett that turned Romarco minerals exploration project into a mine before being sold to Oceana gold.
She has Olivier Luhanga and his experience at similar operations at Twanziga.
They now have Alex Davidson to be VP of their new $20 million exploration program.
He worked as lead underground geologist for NGM on all of their Nevada operations, many of which are similar in setting to Hycroft.
He also has specific familiarity with the Hycroft region, because he was a geolgoist at the Rosebud mine, which is surrounded by hycroft's land position.
So, he knows specifically where the feeder faults at hycroft are likely to be located, and i think they know how to find it from the banded quartz outcrops at brimstone.
Which is where the rc drill is now.
Anyway,
I just got in here because of AMC and sprott. This is what i have figured out so far.
Reverse circulation vs diamond drill hole
Hycroft using some of both.
Rc is less expensive.
Thanks.
Just look at q4 revenue for amc vs us box office
Then look at 1st qtr revenue for amc vs us box office
It hovers around 57-59% or so, and that is all it takes to back of the napkin calculate it
Box office mojo has q2 at
$2,322,671,524
Dont forget to add 10mil in minion previews not counted in that total
And then just take that multiplied by 59% and you have AMC revenue for Q2.
I come up with 1.35 billion, easily enough to be profitable for Q2 irregardless of the Hycroft investment.
AMC earnings estimation isnt too tricky. It is easy to see how much US theaters took in revenue this quarter from boxoffice mojo and others that post the admission revs. Then it isnt too tricky to find their expenses the previous couple quarters and hazard a pretty realistic guess at cost of good sold vs other fixed items.
The analyst consensus of $1.18 bil revs is laughably low.
I have it at between 1.34 and 1.4 billion.
Easily will beat the analyst by 200 million in revenue and eps beat by 40 cents.
17 cents positive eps is my q2 prediction.
But these analysts dont have AMC profitable until 2024.
And i have an amc that now delivers from uber eats, because i am ready for the 4th.
He is wrong out of the gate about AMC. AMC is already profitable. The rest of the article requires a login to read.
AMC will have $1.35 billion revenue for q2 by my calculations. Way more than analyst expectations and plenty sufficient to be profitable this quarter, q2 2022.
So, that part is not right at all. Analysts are going to get an earnings beatdown from AMC this qtr, and you will find that out on august 4th earnings call. So good luck with that one.
I will try to find the rest of that article but sa can shove it, not signing up just to read the thing. Thanks.
"Brimstone and the East Fault are believed to be close to a feeder system."
Did you see they put the RC drill in the south brimstone area along the east fault?
You can tell from their picture where the drill is at.
Thanks for this.
When did they have an opportunity to buy rosebud?
I see they keep highlighting Hycroft position that surrounds it in their company slide decks.
You say they missed out should have bought it.
I think what you are missing...
They have Alex Davidson. He worked at Rosebud. Most recently, he came from Nevada Gold Mines to run this geology program.
He was in charge of lead underground geology for ngm and ran all of their nevada operations, turquoise ridge, cortez ,etc.
He knows where to look to find the bonanza grade geologic horizons within complex geologic structures like found near the yhs track.
Specifically he is familiar with Rick streiff's work on finding these zones within low sulf epithermals like hycroft
Knowing how the quartz outcrops can be deceptive in these systems.
The place they put the RC is there on the east fault between vortex and brimstone. I wonder why that is.
They are spending $15-20 million to find out and appointed Alex Davidson as VP of Explorations. He ran Nevada Gold Mines as lead underground geologist for all of their Nevada operations.
If anyone knows where to look to "find something" as you put it, he is the guy I would want running the show.
News out! New drilling program
Did you see the 2 new NFT's AMC announced today celebrating their investment in HYMC?
Did you see that the new VP Exploration worked on underground projects prior to joining Hycroft?
And investor connect shareholders of AMC be getting NFT's dropped in their wax.io wallets today.
Would be neat if they started heap leaching lithium there. They are smack dab in the area where the yellowstone hotspot was 16 million years ago. Hycroft are right between San Emidio desert and mcdermitt caldera in the same endorheic pleistocene lakebed as those two. You see the same alluvial fans on the Hycroft property as you do for many of the clayton valley projects near the calderas there.
We honor our 728,00 existing members of AMC Investor Connect and new members joining by 9/30/22. You can claim (in October) a free golden NFT from us, and we’ll pay your WAX NFT wallet fees for a year. Celebrating our Hycroft Mining investment: “There is Gold in Them Thar Hills.” https://t.co/sRTienmaCo
And something extra special, exclusively for AMC Investor Connect members who earlier this year claimed their free “I Own AMC” NFT. A slick “Black Version” (with red & gold accents). In your WAX account later today, for you to enjoy now. Plus you get the all gold one in October. https://t.co/i8OyyCoVrA
Nice post! Happy to report that it looks like Hycroft has a new VP of Exploration as of 2 days ago.
I hear he is well recommended and liked by his peers and that Hycroft will be lucky to have him.
They obviously do not have 200 employees.
109 were let go when mining operations stopped in late 2021.
Zoominfo contains duplicates and some that you can see from linkedin no longer work there, and i would linkedininfo a lot more.
Linkedin says 100 as i recall and there were about 60 in the picture.
A smaller workforce right now also means a lower monthly operating expense until commercial mining operations begins.
They are not actively "mining" but after downsizing continue processing ore from the pads as long as economical to do so.
In 2015, they had ceased production but continued processing ore on pads for 3 years following into 2018.
During the 2019-2021, they only put the oxides on the pads, but set aside the transition and sulfide materials they encountered for future processing.
There should have been an updated study from Ausenco with the feasibility, but there are post covid caused delays in getting results from the testing labs.
They need the updated flowsheet to fine tune the recoveries and update the mine plan.
Specifically some variability testing on the transition materials.
It is why we see M&I resources not P2 reserves at the moment. Once the results are in and flowsheet updated, then we can see an updated pfs.
Should be close to having the variabity results, then can get an updated results from Ausenco. I think I saw they also bid out for another report.
In the meantime, they also still have already mined but not processed materials.
Looks to me they are hiring a senior exploration and another exploration geologist to report to their current chief geologist.
Sounds like something to do if you are about to look at the rest of the 98% of the land.
I looked and do not see other open positions for the company, but looks like they have had a lot of applicants and interest in these positions.
About 60 or so in that pic.
My bet is those videos they put out before today about gold and silver and etc were the previews.
This one with the popcorn was probably the one they saved for last.
Silence your fuds, because the previews are over and the show's about to start.
197,084,642 currently issued
+94,258,841 Shares of Common Stock to be issued upon exercise of outstanding Warrants
+71,211,526 Shares of Common Stock offered by the Selling Securityholders
+60,125,009 Warrants offered by the Selling Securityholders
Private placement
197,084,642
+94,258,841
+71,211,526
+60,125,009
=422,680,018 shares
18,408,240 + 23,408,240=41,816,480 shares is 9.89% of 422 million.
Example. If he had sold 10 million, he would have 13,408,240 left +23,408,240 warrants=36,816,480 shares. This scenario means 375,678,367 shares would cause him to exceed the 9.8%.
If he had sold 4 million, it would be 436,902,857 to hit 9.8%
6 million and he would be looking at possibly 40,816,480, and it would mean 416,494,694 shares puts him at 9.8%
So selling 5 million is the exact right amount to get him to where he is at 9.8% when all the other warrants are exercised.
Could be off base here, but the math seems compelling.
Avatar 2 is going to set 2022 for AMC
December 16th release and end of quarter is Saturday 12/31 means AMC ends the last 3 weekends with massive numbers from this movie.
Some say it is the "most awaited movie of all time"
I have no idea. I would imagine it is only the former ANV shareholders that have those right? I mean I personally hope you get something out of your warrants. I dont know anything about this.
I just know math and like to speculate.
And i obviously wondered why he was selling 5 million shares.
And i think my previous post explains why i think he is positioning himself for when he exercises the remaining 23.4 that he got in the deal they did with him and AMC.
I just know that 197mil+All of the other stock and warrants to be issued, then there will be 422 million shares.
So, yeah i guess that would mean all the warrants at $10 would be exercised and etc.
Sprott would have a bit less than 10% with 41 million shares.
He could only do 911,760 right now, because there are 197.08million shares, so he has to be under 19.7 mill or so shares unless hycroft's outstanding share count rises, like say would happen if all the shares in the prospectus get issued.