Hycroft Mining Holding Corp (HYMC)

[Wmucca]

There is no mining activities currently occurring at Hycroft. I am working in the area helping a friend out and have driven past it multiple times over the few past month. I have also flew over it 2 times in a small fixed wing. There are no mining activities occurring.
The stock is not moving until there is a plan to show how they turn the mineral resource into (ORE) Defined by the dictionary as: a naturally occurring solid material from which a metal or valuable mineral can be profitably extracted the important part is the word profitable.
The current management indicated a year ago that a feasibility was forthcoming. This message has gone dark and we are now drilling holes in a very drilled out defined resource and publishing short intercepts that have no context to increasing the viability of the resource. Yes the landholdings are large and the size of Manhattan but ask their Geologist how much of this has mineral potential? He will tell you a small fraction. Large landholding are always staked to protect yourself from encroachment and to have non mineralized land for waste dumps, leach pads and tailings facilities.
I own over 800K shares but view this an option play only. If they get lucky before the shares go to $0 then I may make some money. I like the region and love the geology so will hold until the next step in the life cycle of this mine, knowing full well if management doesn’t start talking about production our shares can only go down.
What I don’t like is what management is doing. Selling hats and shirts and gold and silver they didn’t produce. This is 3 card monte and not a development company. At some point she needs to talk about a plan to move the deposit forward to production or we will continue to trade at cash. The way the cash is being spent the stock can only go one way—Down!