1. 14 of 20 holes are at 2x the avg resource grad... for r/c holes just meant to confirm continuity of the resource, which they have done so far
2. The cash burn is overstated and is 5 mil per qtr, not per month.
3. An adam aron quote out of context.
4. And a hasty generalization in that same paragraph... a logical fallacy around mining in genetal not hycroft specific
5. Mining and memeing dont mix. Mining is slow process. The idea of making hycroft a meme stock is like oil and water mixing.
6. Claiming the stock is up with higher gold prices is correlation implying causation and not even factually correct if you overlay gold price on a chart with the price of hycroft. The price has not charted alongside gold or silver prices and easy to see divergences where it clearly could not be statistically correlated.
7. Hycroft is not mining and just finishing up residual leaching from the prior operation. So this is just a known fact and misleading in the way it is presented in the article.
8. "Mostly underwhelming" to the author but 14 of 20 holes had 2x better ore grades than the resource avg. 1gpt is perfectly economical for oxides at surface that can be rom like at brimstone where that rc happened. All 20 were in mineralization including some along the east fault which was previously considered to be a not mineralized bounding fault but actually is mineralized throughout.
9. The white clay and vugs in the cores alex was holding show they found what they wanted to see from the hypothesized model of the larger feeder structures. They are confirming the broader thesis and found the geologic depth where you see the larger discoveries in the region were made and consistent with the works of geologist like davidson and rick streiff that show this is how you find the underground high grade.
10. Finding separate intervals of mineralization and sections at true thickness are also indicators that the program is succesfully doing what it was intended to do.
11. That new resource estimate happens this quarter, and it is intended to fill in the silver in the modeling to account for things like reagant consumption and goes along with the variability work.
12. The debt isnt due until 2027 when presumably mining could have already been restarted and as typical the rom and mine planning optimization is done thru that lens of the repayback. It is a complete nonissue assuming they restart operations and they have 4 years still to do that.
13. Now we recap the master of the obvious regarding the end of the prior operation which isnt new or anything other than fud
14. And restating that they are doing an exploratiob program while mischaracterizing its success as an alleged failure is simply the author incorrect opinion, man.
15. The mine plan comes after the new resource estimate happens, it is expecting the company to do shit out of order just to provw the authors incorrect that isnt how this works type of nonsensical argument here. Otherwise the plan is being executed exactly as diane and co have stated it would.
15. Again i think it was denaro on yt that broke down the burn rate. As i recall it was 5 mil per qtr if you arent mistakenly including things like the drill program and debt reduction initiatives in that calculus.
16. The fact they are doing exploration is a product of having more capital raised than that was required for sustaining operations and maintaining the required cash on the books.
17. And also represents a company that is doing what its shareholders asked it to do.
18. If the author thinks they are trying to sustain the prior op that is laughable, else it is obvious that they have to complete technical work before restarting operations.
19. It also misleads that the milling operation is required to process sulfides,
20. yes that may be, but the lie is thinking that the mine plan already doesnt have that accounted for. As that is the purpose of the new ready to go leach pads, because the first few years of operations will still involve leaching of oxide and transition materials.
21. Before reaching the sulfides that are furthee down. And this is not anything revelatory, and again if you look at the other projects in nevada with similar emplacements, you see the same theme.
22.Companies stopped at the sulfides and gave up, not realizing the bonanza grades that fed the surface are extensions further below ground where you reach the geologic horizon and see that in the stockwork and breccia and clays and see where that material exists further down.
23. Hycroft recognizes it would be highly unusual for such feeders to not exist below ground when you have both hycroft and rosebud nearer surface as multimillion ounce deposits closer to surface. Davidson gets it. He follows smarter folks than i will ever be like rick streiff, and these are the dudes finding all the good good throughout nevada.
24. Next is a trust me bro argument from the author.
25. Then opinion followed by speculation based on inacurate statements as if repeating them makes them at all true, then more opinion based on that illogic.
26. Next is just pulling numbers out his ass patently absurd hypothetical wishful thinking fud.
27. Next is premature to argue that amc investment isnt success as they havent sold
28. Next is investment advice that gets whoever buys it what they paid for it.
29. And finished with a corny movie quip
Like i said TRASH... from opening sentence through to asking for you to subscribe to that drivel.
