Silver Back Ape

Canadian APE (WE THE PEOPLE) #silverback #AMC #HYMC

[MiningHub @Mining_Hub_]

October 14 | Today's Top Drill Results

Explore today's drilling news and full company announcements:
https://t.co/hjM4iYCYqL

Get tomorrow's results in your inbox before market open: https://t.co/6BKpUQnfnl

Featured Companies:
$HYMC | $AURO.V | $LXM.V | $SIG.V | $OMI.V | $AUXX.V | $SCOT.V | $CGM.V | $SGN.V | $FFOX.V | $TUD.V | $PGZ.V | $PGLD.V | $GAL.V | $DOS.V | $OMM.V | $YMC.CN | $SNAG.V | $SICO.V | $LSTR.V | $AWCM.CN | $DBG.V | $BRS.CN | $NWST.V | $KDK.V | $SAGA.V | $BUFF.V | $EVI.V | $AAZ.V | $ZNG.V

#gold #silver #copper #iron #potash #REE #uranium #zinc #drilling

[Huberman Lab Clips @HLPClips]

Chronic cannabis use lowers testosterone:

- Smoking marijuana raises prolactin in men and women which pulls down dopamine and testosterone
- Chronic means more than twice a week. It also elevates aromatase the enzyme that converts testosterone into estrogen
- That is part of why gynecomastia shows up in about 35% of males
- If your levels still look fine you either started with a high ceiling or you carry very little aromatase

@hubermanlab

[Quiet Wolf @homosapiens121]

The American dream of homeownership has a controversial history. This animation explores the theory that the 30-year mortgage was designed in 1919 by banks and the government as propaganda to keep workers in debt and prevent them from going on strike.
​#Mortgage #Homeownership #FinancialLiteracy #Propaganda #DebtTrap

[TheApeOfGoldStreet @TheApeOfGoldST]

I’m putting together a performance comparison of @DonDurrett’s entire portfolio, measuring each stock’s gain from its April 2025 low to its peak during the bull run.

I chose the April 2025 lows because that was when #Silver hit its lowest point of the year, before taking off and rallying roughly +327% to its January 2026 peak.

Stay tuned for the end result.

#Gold #Silver

[Tim Hack @realTimHack]

I've finally made the breakthrough in understanding why Michael Oliver @Oliver_MSA is right. He felt the power build up in silver, I felt it. I couldn't sleep and I found out why tonight. Now I can explain what's really happening under the hood. Silver will definitely reach $300+ in 2027. If it's happening before January I can't fully extrapolate right now, but it's my personal suspicion. The market will realize soon, it's super close. Others will or already have discovered the mechanic I've put down in a first crude draft here. I've discovered the underlying trigger making such a price target possible and it's unstoppable because it's physics.
https://t.co/o0HOjqCxdb

[Tim Hack @realTimHack]

New interview with @Oliver_MSA by @capnek123. I fully back Michael Oilver's assessment, to 100%. The entire debt and equity market is going to discharge into gold, silver and miners. The financial market is simply DONE! You can see it in the debt market but also everywhere around you. We are now entering a new era. Gold will wash away the great pile of lies of the past decades in one massive flood and let the free market be born anew. Make sure you watch this if you want to survive this cycle.

[SilverMiners Alpha @SilverMinerDesk]

🚨 BRAND NEW MICHAEL OLIVER INTERVIEW JUST DROPPED.

And the timing couldn’t be more interesting with gold and silver getting absolutely hammered today.

5 things that stood out to me:

• Gold outperforming the S&P 500 is signaling a major shift in capital

• Silver could become far more explosive than gold once its acceleration phase kicks in

• The bond market could be the trigger for a much bigger move into monetary metals

• Commodities are showing signs of a broader structural shift

• Short term volatility doesn’t change the bigger momentum picture he’s watching

On a day when metals are getting crushed, this is one interview worth listening to.

Michael Oliver @Oliver_MSA remains one of the voices I pay closest attention to.

Interview Link 👇
https://t.co/HlGhEc0C3F

#Gold #Silver #Miners

[Brian Wilkes @BrianGoodner]

Here are my updated Silver Miner rankings after going through 88 Silver Miner companies over the last couple of months. Of course this is based on my investment criteria, so your objectives could be much different, so take that into consideration. https://t.co/uHiXIX0vrq

[Don Durrett - goldstockdata.com @DonDurrett]

@capnek123 Retweeted. Thanks.

[Diane Garrett @DianeG_CEO]

Transformational. That’s how I would describe this past summer at @HycroftMining.

We know where we're going and what our high-grade discoveries mean. Now we're assembling the people and pieces to take Hycroft to the next level.

Watch my full Hycroft Market Update video: https://t.co/i38vH3zebp

$HYMC #silver #gold #mining

[Matt From Cultivate Elevate @CultivateElevat]

Pap Smears, colonoscopies, Mammograms. All forms of rothschild torture. Kancer is "tested" with a kovid test. We live in the land of make believe.

Book: Murder by Injection By Eustace Mullins.

[Brian Wilkes @BrianGoodner]

Interesting new Michael Oliver interview. A few things that stood out to me:
• He believes the summer lows around $55 silver/$3,950 gold likely marked the bottom.
• Mid-$70s silver is the technical area he thinks could trigger a much faster move.
• He’s watching the financial sector and bond market much more closely than AI as potential catalysts.
• Miners have recently shown relative strength vs the metals, which he believes may reflect institutional money starting to move into the sector.
• He still expects silver and the miners to outperform gold in the next phase.
Worth listening to the full discussion with @Oliver_MSA:
https://t.co/OzRhlQQa3i

[Don Durrett - goldstockdata.com @DonDurrett]

Stocks To Watch. My Last Episode. @_investortv

https://t.co/F7kW9HPW4c

[Don Durrett - goldstockdata.com @DonDurrett]

Beaver Creek Stock Picks.

The mystery stock was Osisko Gold Group (OGG)

Posted on Substack (best format). You can read it for free and do not need to signup for Substack (ignore the signup request).

https://t.co/QG7tGKWZDP

[Silver Back Ape @silverbackstak]

@JonFlynnREstats @NorthstarCharts I knew John Flynn was an ape……

[Brian Wilkes @BrianGoodner]

Hycroft Mining — Investment Analysis

HYMC vs. Silver: Historical Price Relationship

Hycroft has shown significant sensitivity to major moves in silver during 2026.

Silver Price

$121.58 — January peak
$96.40 — early-March peak
$89.37 — May peak

HYMC Price

$51.69 — Jan. 28 close
$55.74 — Mar. 2 close
$45.16 — May 12 close

HYMC today
~$20.40

The takeaway: Silver doesn't necessarily have to return to $120+ for HYMC to potentially make a very large move. Historically, HYMC has traded in the 40s–50s while silver was below $100.

If silver were simply back in the $80-$84 range, the historical relationship shows how different HYMC's valuation could look compared with today's price — at prices somewhere in the $40-$45 range.

Historical comparison only — not a price prediction.

Hycroft Mining
Ticker: NASDAQ: HYMC
Location: Northern Nevada, USA
Project: Hycroft Mine
Land Package: More than 64,000 acres

Hycroft is a large-scale gold and silver exploration and development company focused on advancing the Hycroft Mine.

The company's current mineral resource represents only about 15% of the total land position, with mineralization remaining open in multiple directions and at depth.

Silver and Gold Resource

Measured & Indicated

Gold: 16.4 million ounces
Silver: 562.6 million ounces

Inferred

Gold: 5.0 million ounces
Silver: 132.8 million ounces

The inferred resources are not included in the current mine plan.

This distinction matters because the size of the overall resource is substantially larger than the material currently incorporated into the economic study.

Eric Sprott

Eric Sprott and entities he controls have accumulated a very substantial position in Hycroft.

Sprott has maintained a beneficial ownership position of approximately 40%, depending on the filing date and treatment of warrants.

His involvement goes well beyond a small passive investment. He has maintained a very large ownership position and has continued acquiring shares at substantially higher prices than HYMC's current trading level.

The Hycroft Economic Study

In June 2026, Hycroft published an S-K 1300 Technical Report Summary and Initial Assessment covering a mine plan utilizing conventional pressure oxidation, or POX, together with heap-leach processing.

Base-Case Assumptions

Gold: $3,600/oz
Silver: $48/oz
Base-Case Economics
Post-tax NPV5: $4.3 billion
Pre-tax NPV5: $5.4 billion
Post-tax IRR: 16.9%
Pre-tax IRR: 18.9%
Post-tax payback: 4.7 years
Mine life: 51 years
Initial capital: $2.4 billion
Life-of-mine sustaining capital: $3.1 billion

Production

Average annual production:
Gold: 204,000 oz
Silver: 6.8 million oz
Gold equivalent: 295,000 oz

The first ten years are expected to average more than 330,000 oz AuEq annually.

Life-of-mine production is estimated at:

10.4 million oz gold
347.5 million oz silver
15.1 million oz AuEq

Silver Price Leverage

Hycroft's technical report shows substantial sensitivity to silver.

According to the company:

Every $5 increase in silver increases post-tax NPV5 by approximately $460 million.

For comparison:

Every $100 increase in gold increases post-tax NPV5 by approximately $300 million.

That makes silver a particularly significant economic driver for the current project model.

Spot-Price Case

The technical report also included a spot-price case based on May 25, 2026 prices:

Gold: $4,569/oz
Silver: $77.94/oz

At those assumptions:

Post-tax NPV5: $10.0 billion
Post-tax IRR: 30.1%
Post-tax payback: 2.9 years

This is a sensitivity case rather than the company's base-case commodity-price assumption.

Vortex and Brimstone

The biggest recent development at Hycroft has been the emergence of two high-grade silver systems:

Vortex
Brimstone

Recent drilling has produced exceptionally high-grade intervals.

Vortex

One recent hole returned:

30.5 meters @ 780.53 g/t silver
Including:
11.2 meters @ 1,664.80 g/t silver
5.5 meters @ 2,249.39 g/t silver

Another hole returned:

20.0 meters @ 460.82 g/t silver
Including:
6.1 meters @ 952.37 g/t silver
1.6 meters @ 2,650 g/t silver
Brimstone

A recent hole returned:

5.5 meters @ 1,345.27 g/t silver
Including:
1.8 meters @ 4,074 g/t silver

The systems remain open in multiple directions and at depth.

What Is Not Yet Included

The current economic study does not incorporate:
The inferred mineral resources

Results from the 2025–2026 exploration program
The newer Vortex and Brimstone discoveries

That means the current economic study is based on a resource and mine plan that predates much of the recent high-grade exploration work.

Underground Development

Hycroft is currently studying the optimal path forward for a high-grade underground mine, while continuing to advance the large-scale open-pit sulfide development concept.

The company has been evaluating underground mining alternatives and potential exploration-decline configurations to provide access for additional drilling.

Metallurgical and processing work is also being advanced in connection with potential underground development.

Processing Options

The current economic study uses:

Pressure oxidation (POX)
Heap leaching

Hycroft is also evaluating roasting as an alternative processing route.

Roasting is a high-temperature oxidation process that breaks down sulfide minerals and could potentially improve project economics while creating another revenue stream through the production and sale of sulfuric acid.

The company is also assessing the potential restart of heap-leach operations.

Balance Sheet

Hycroft reported a strong cash position and no debt.

As of June 30, 2026:

Cash: approximately $220.5 million
Debt: none
Shares outstanding: approximately 93.1 million
Fully diluted shares: approximately 102.8 million

At approximately $20.40 per share, the basic equity market capitalization is roughly $1.9 billion.

Exploration Potential
The Hycroft property covers more than 64,000 acres, while the current resource occupies only about 15% of the land package.

The company continues exploring:

Vortex
Brimstone
Additional high-grade targets
Oxide targets
Potential feeder systems
Other portions of the property

The Vortex and Brimstone systems remain open in multiple directions and at depth.

Key Catalysts

Potential catalysts include:

Continued Vortex drilling
Continued Brimstone drilling
Resource expansion
Underground mining studies
Exploration-decline evaluation
Metallurgical test results
Results of the POX and roasting processing studies
Heap-leach restart evaluation
Additional economic studies
Future resource updates incorporating new drilling
Higher gold and silver prices

Hycroft's September 21 project update said the company is advancing technical initiatives toward production, including underground development planning, processing trade-offs and heap-leach restart evaluation.

Key Risks

Development Capital

The current economic study requires approximately $2.4 billion of initial capital, followed by approximately $3.1 billion of sustaining capital over the life of the project.

Project Stage

The June 2026 study is an Initial Assessment / PEA-level study, not a feasibility study.

Additional engineering, planning, permitting, financing and development work remains before construction.

Processing Complexity

The sulfide resource requires more complex processing than a conventional oxide heap-leach operation.
POX, roasting and other processing alternatives are still being evaluated.

Exploration Risk

The Vortex and Brimstone discoveries are significant exploration results, but additional drilling, resource definition and engineering work are required before their ultimate economic contribution can be established.

Commodity Prices

The project has substantial exposure to gold and silver prices. The technical report demonstrates particularly strong sensitivity to silver.
Financing and Execution

Developing a multibillion-dollar mine requires financing, permitting, engineering, construction and successful execution.

Current Valuation Context

At approximately $20.40 per share, HYMC's basic market capitalization is around $1.9 billion.

That valuation sits against:

562.6 million oz M&I silver
16.4 million oz M&I gold
A 51-year mine plan
$4.3 billion post-tax NPV5 at $48 silver and $3,600 gold
$10 billion post-tax NPV5 at the report's May 25, 2026 spot-price case
More than 64,000 acres of land
Approximately $220.5 million cash
No debt
Vortex and Brimstone high-grade silver discoveries
Additional exploration potential

The current economic study, however, does not include the newer Vortex and Brimstone drilling results.

What to Watch Next

The major questions for Hycroft are now:

How large do Vortex and Brimstone ultimately become?

Can the high-grade silver systems support an economically attractive underground operation?

How will the new discoveries affect the overall resource and mine plan?

Which processing route — POX, roasting, or a combination — ultimately provides the best economics?

Can heap-leach operations be restarted economically?

How much additional mineralization can be identified across the remaining land package?

How will future economics respond to changes in gold and silver prices?

Bottom Line

Hycroft combines a very large existing gold-and-silver resource with a 64,000+ acre land position, substantial cash, no debt, a 51-year economic study and newly discovered high-grade silver systems at Vortex and Brimstone.

The June 2026 Initial Assessment outlines a large-scale operation with a $4.3 billion post-tax NPV5 at $48 silver and $3,600 gold, while the company's spot-price sensitivity case produced a $10 billion post-tax NPV5.

At the same time, the newest high-grade silver discoveries are not yet incorporated into that economic study.

The next stage is centered on resource expansion, underground evaluation, metallurgical work, processing alternatives and determining how Vortex and Brimstone ultimately fit into the broader mine plan.

The major risks remain the project's large capital requirements, development stage, processing complexity, permitting and financing requirements, execution risk and exposure to gold and silver prices.

@HycroftMining @SprottMoney

[Aidan @BuyingMyFreedom]

Silver - The Best Time In Modern History

[AJ @Ajmetax]

This is really interesting

[Adam Aron @CEOAdam]

I want to extend my highest praise to Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, for the wise decision — perhaps a better characterization being the brilliant decision — he announced today on behalf of the SEC about Stock Tokens.

The SEC granted a five year period of experimentation on this topic in U.S. markets. In doing so, the SEC laid out some inviolate and unequivocally annumerated conditions:

The SEC highlighted that “Investor Protection Is Not Optional.” The SEC clearly laid out that even as it puts forward an “Innovation Exemption,” the SEC has an implicit right to govern on this issue. This means that at least within the U.S., there is an underpinning that appropriate regulatory bodies can regulate 
as they think is needed. I believe that over the last full century, investors have best been protected when U.S. regulatory bodies have been involved and U.S. securities laws have been applicable. Thank you, SEC.

The SEC also  emphasized  that there can be “No Synthetics.” Any such Stock Tokens must carry full voting and dividend rights. No synthetics is such a vital and basic concept. Thank you, SEC.

Also of crucial importance, the SEC mandated that “Issuers Can Object.” It said that issuers of stock must have the opportunity to object and prevent their security from being trading on a Tokenized Securities Venue if companies so choose. This puts companies in charge of their own securities and capital structures, not brokerage houses. Thank you, SEC.

I applaud what the SEC did today. Bravo!

And @vladtenev and @dangallagher I note that at Robinhood you accepted and supported the SEC’s ruling today. I call on you now to adhere to the exact same standards internationally. How hypocritical would it be if Robinhood’s stock tokens abroad were to differ materially from stock tokens in the U.S. on these hyper-important matters of investor protections, synthetics and issuer objections. 

Adam Aron
Chairman and CEO
AMC Entertainment

[Rock Bottom Entries @RockBtmEntries]

Everyone is bearish metals and hawkish into the Fed Wednesday.

90% chance of a hike - now thoroughly priced in.

Nice setup for a reversal.