Hycroft Mining Holding Corp (HYMC)

[bigblockwyz]

Tell me you don't know anything about mining & processing gold ores without telling me you don't know anything about mining & processing gold ores. Read my other posts. The 100 or so people left are support groups and ops for running the leach pad to leach residual gold already placed on the heap. Mining activities ceased in November 2021 and the miners were let go. That means no fresh ore has been placed to continue gold extraction. All they are doing is leaching what was placed last year. They will continue to do so for a bit but they'll run out soon as there is no fresh ore to continue leaching additional gold. The mine equipment was rented and is gone. The lease equipment is gone. The $200M is a bit short of the likely $2 Billion required for the mill and autoclaves and mining fleet. You don't build a plant first and then buy a mining fleet last. You need a new fleet up front to pre strip waste in the mine and build a tailings dam so you're ready to process ore when the plant is done. I'm sure the Hycroft team (whomever is left) appreciates your enthusiasm.