









“The deposit isn’t economically mineable.”
→ HYMC produces an economic study with a substantial modeled NPV.
“The orebody is too low grade.”
→ Brimstone and Vortex produce much higher-grade Au/Ag intercepts.
“They don’t have enough capital.”
→ HYMC becomes debt-free with roughly $220M cash.
“They’ll have to raise money.”
→ Management can now advance drilling, metallurgy, engineering and development without an immediate financing requirement.
“Okay, but they don’t have a mine plan.”
→ RESPEC is developing a conceptual underground mine plan and evaluating a potential exploration decline that could potentially become part of the future mine.
“Okay, but they don’t know how they’ll process it.”
→ Hatch is evaluating processing alternatives; Hazen is doing metallurgy; roasting testing has been completed and the POX-vs-roasting trade-off is underway.
“Okay, but they don’t have revenue.”
You are here
Options manipulation is all they have
Here’s the rabbit hole I keep coming back to: gold and silver aren’t just commodities. Their prices are also a market signal about inflation, currency confidence, real interest rates, and the purchasing power of the dollar. That creates a structural incentive for major financial players to prefer orderly, lower metal prices—or at minimum to avoid a runaway repricing.
Now look at HYMC. Historically, a mining company with a huge undeveloped resource could be influenced through the traditional pressure points: debt, covenants, financing requirements, dilution, streaming/royalty agreements, board influence, or simply making development economically difficult. HYMC has been systematically removing a lot of those levers. Debt eliminated. Covenants gone. Hundreds of millions in cash. Then Brimstone and Vortex start showing high-grade gold and silver that potentially changes the economics of the entire district. If HYMC eventually develops those ounces independently, it represents future physical supply that isn’t dependent on the same financing structures that historically used to constrained miners.
That’s why the market behavior around HYMC is what interests me. Management says the company isn’t raising money right now, yet short interest has climbed while the fundamental story has materially improved. Diana Garrett has openly discussed multiple development paths, potential third-party processing, building a larger company around HYMC, and even acknowledged that a major acquisition is “always a possibility.” While also saying there are potentially more high grade zones on the property after Brimstone and Vortex. So the question I keep asking is: if controlling the timing of new physical metal matters to metal suppression entities, what happens when a company removes the debt/covenant/financing levers and becomes increasingly capable of controlling its own production timeline? And how does that impact people who need to control the future supply curve of metals to maintain price suppression control?
Uncontrolled supply is the enemy of metal manipulators. controlling supply controls price and clearly someone isn’t a fan of retail, bringing an unhedged mine online. in my opinion.
“Not since October 2023, when holdings climbed by 740,000 ounces, has China logged a larger monthly gain. August also topped the 640,000 ounces booked in July, part of an acceleration that began after a modest 160,000 ounce addition in March. The bank added 480,000 ounces in June.”
https://thedeepdive.ca/chinas-central-bank-buys-the-most-gold-since-october-2023/
It’s gotta be a short tactic to talk shit about Management while you’re shorting to perpetuate distrust in the company.
It feels like somebody is specifically targeting us.
I literally just talked about drill results in the post below this lol 😂
Making hundreds of thousands of Chinese retail accounts to manipulate with sounds right up their alley.