Replies to post #7040 on Hycroft Mining Holding Corp (HYMC)

[dori]

I see this as a positive step.

What do you make out of this ?

[Wmucca]

I have read the EIS document. This permit will let Hycroft mine below the water table and allow them to build a tailings impoundment for Mill tailings
Both of these were suppose to be permitted in 2012 when Allied raised $500m in debt. So 7 years later they get the permits!!!

I am guessing that this permit is tied to the last Feasibility that was published. If so Hycroft would still need to raise over $1b and then build the mill. Construction in the feasibility is 3 years if I remember correctly.

Based on recent experience with projects I have been working on I would suggest this type of Capital is not available in public markets right now.