ANVUSDT
ANV / Tether USD
crypto

Hycroft being a money pit is not new. The Nevada mining community has generally known this for almost 15 years. It’s just that no one outside the mining community cared about ANV or Hycroft until the AMC thing. And to your other comment re: $xxx million of metal in the ground.. if you know mining at all, you would know that is misleading and not an accurate view if the true VALUE of a project. Any junior can pump up their share price by announcing some crazy resource estimate. The key is how economic the extraction of that metal is. That is where our body knowledge, metallurgy, mining feasibility, grades, processing method, stripping ratio, royalties, social license, permitting etc come into play. There’s plenty of examples of companies failing to overcome extremely difficult social issues, economics or geo metallurgy even though the deposit is worth billions on paper. See KSM, Donlin or Pebble.. three of the largest deposits by contained metal in the world but the economics are extremely challenged due to high CapEx costs ($5-10b), construction overrun risk and social license problems. The metal is worth squat if you can’t make money. Junior and small-cap investments are fickle and tough to evaluate unless you really know what you are looking at. Even majors can screw up big time when evaluating risk. See Teck and QB2, Barrick and PV, Newmont and TE2.
I manage the technical team for a large polymetallic mine. This is what I do daily as my occupation.

Hycroft being a money pit is not new. The Nevada mining community has generally known this for almost 15 years. It’s just that no one outside the mining community cared about ANV or Hycroft until the AMC thing. And to your other comment re: $xxx million of metal in the ground.. if you know mining at all, you would know that is misleading and not an accurate view if the true VALUE of a project. Any junior can pump up their share price by announcing some crazy resource estimate. The key is how economic the extraction of that metal is. That is where our body knowledge, metallurgy, mining feasibility, grades, processing method, stripping ratio, royalties, social license, permitting etc come into play. There’s plenty of examples of companies failing to overcome extremely difficult social issues, economics or geo metallurgy even though the deposit is worth billions on paper. See KSM, Donlin or Pebble.. three of the largest deposits by contained metal in the world but the economics are extremely challenged due to high CapEx costs ($5-10b), construction overrun risk and social license problems. The metal is worth squat if you can’t make money. Junior and small-cap investments are fickle and tough to evaluate unless you really know what you are looking at. Even majors can screw up big time when evaluating risk. See Teck and QB2, Barrick and PV, Newmont and TE2.
I manage the technical team for a large polymetallic mine. This is what I do daily as my occupation.