Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Valuations will probably go down

I looked at the operating reports for March 2015 and April 2015. Most weeks the company is losing money on an operating basis; i.e. the revenue from the sale of the gold and silver did not cover the cost of operations to mine it. The simple fact is that with gold and silver prices as low as they are, it looks like it is not possible to get the gold and silver out of the ground without losing money on operations.

If it was not for the $25 million from the financing package, the company would have run out of cash by now.

Louis J. Desy Jr.