Chapin, Les Price Estate, and Gary Goodin should cover the costs of the receivership and any liabilities. All of them are responsible for the fraudulent dilution that took place.
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Shame on you EM (just kidding), you are practicing “supply side” economics; you’re supposed to be a “grey rock”.
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I’m more into the gold rocks myself, but grey rock is cool, so long as it’s electrum! 
EM
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We never got the first quarter, 2026, update - which was due circa April 15, 2026.
It’s a month late.
Could we be in the midst of some sort of … dare I say … “quiet period”?
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How much more pathetic can this get? Close to 5 months now and the company has no communication with its shareholders.
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A company I can wipe my ass with. No information on the share distribution from 5 months ago.. Are there any claims filed? Where the update from 2 months ago. I guess that’s a penny a stock for you. Prove me wrong.
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AND NOT A WORD!
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Well, the way I see it is either:
(1) Their plant broke down and can no longer process, or
(2) They’re keeping the dialing-in numbers close to the vest, or
(3) Some company has expressed an interest in purchasing the company (or some portion thereof) and (2) is applicable so as to not create competition during the process.
They’ve been very good about telling us what’s happening on a regular basis, so I think they must have a GOOD reason to go on radio silence.
I’ve waited 15 years - I can wait another few months.
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If the plant broke down that would be absolutely pathetic
Well, I threw it out there for certain detractors who can’t help themselves.
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After 20 years of being involved with this……I’ve heard all the reasons.
A bit early for a plant that hasn’t really “started” to break down. About as likely as “some company expressing interest in puchasing the company.” More likely, that they are waiting to make enough progress to warrant an update. Keep in mind, in the Jan 16th updated, they were targeting a fully constructed plant by the end of the month, with commissioning to follow:
Plant construction – Target completion January 30, 2026, in preparation for commissioning, with major work fronts progressing in parallel.
I appreciate there’s been some snappy tweets/videos subsequent to the January update but they are clearly way behind what was already a way behind timeline so it shouldn’t be suprising that they are leaning towards real progress prior to updating investors. I thought I was being overly cautious, in early 2025, when predicting a March 2026 start date. I clearly missed that mark.
Probably not much more complicated than that.
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Hi Mr. B,
With the price of copper trading at around $6.60 per pound, I’m going to guess that somebody’s drills are going to be turning at the Pegaso Nero (or possibly the LDM, or both) sooner rather than later. Will Auryn be running the show or will it be one of the big boys? I couldn’t tell you. Strong porphyry copper prospects, like the Pegaso Nero (PN), are a bit bi-polar. When the Freeport McMoRann (FMX) team paid the Pegaso Nero a visit 10 years ago when the price of copper was trading at about $1 per pound, the Pegaso Nero was probably ascribed zero value except for perhaps as an “optionality” play. An “optionality” play might involve an investor buying a mining asset that is not economic TODAY, but under the right circumstances, like copper trading at over $6, it could be worth a fortune TOMORROW.
For me, Auryn has always been a two-pronged “optionality” play. One possibility was that Auryn might be able to do what is necessary to get their vein deposits into production. I admit it was a bit of a long shot at the time, but what do you know. The other had to do with the price of copper going up substantially allowing the Pegaso Nero or perhaps the LDM to attract a single or perhaps even a consortium of JV partners. It certainly took long enough, but I get the distinct impression that both bets might pay off in the not too distant future. As always, no promises.
Mr. B, you make some valid points, the Auryn situation could play out in a variety of different fashions at any time. IMO, Auryn/Medinah’s 7 Main Veins are going to make them a fortune with gold trading in between $4,000 and $6,000 per ounce, silver at $75 per ounce, and copper at over $6 per pound. I can’t see Maurizio parting with these assets. The Auryn share structure is absolutely to die for and the vein grades are great just like how we recently learned they are great next door at the Princessa Lara Mine, located to the ADL Mining District’s immediate north.
For years I’ve wondered what kind of results our neighbors to the north were getting at the “Princessa” Mine. Up until recently, it was privately held (by Maurizio), so the level of available evidence was scarce. In Chile, the various “belts” of mineral deposit types tend to run in a north-to-south direction as do the major fault systems like the Atacama and Domeyko fault systems. Thus, if you want to get a “heads up” on what’s likely to be contained in a deposit you’re studying, you want to see what’s going on in the areas located immediately north and south of your property.
Auryn’s ADL Mining District is located in two overlapping north-south oriented “belts” of mineral deposit types. It is a component of the “Early Cretaceous Porphyry Belt” as well as the “Chilean Mesothermal Vein Belt” located between Curacavi to the south of the ADL and Colliguay to the north. Now that the “Princessa Lara” Mine (near Colliguay) has been vended-in to a publicly traded corporation, American Sierra Gold (ASG-trading symbol “AMNP”), and now that Glencore executed an offtake agreement and cut ASG a check for $10 million, that information has become publicly available. It was well worth waiting for by the Auryn/Medinah shareholders.
At the P. Lara Mine, American Sierra management has already delineated a 250-meter long “ore shoot” averaging grades of in between 17 and 24 gpt gold. An “ore shoot” is an area within a vein in which the temperatures, pressures and rock chemistry was just right for the laying down of extremely high-grade gold. The hope would be that the 7 Main Veins at the ADL will host many of these “ore shoots” also. The vein widths at the P. Lara are running in between 0.5- and 5.0-meters, which is impressive. American Sierra has already delineated a 320,000 ounce resource and are currently in the midst of a 1,500-meter drill program. The P. Lara property will serve as an excellent template for the ADL Mining District’s veins. This treasure trove of information now available on Auryn’s next door neighbor to the north, should be appreciated by the Auryn/Medinah shareholders.
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Why does it not surprise me that you reference a few bullet points on a newly created AMNP website as a treasure trove of data? You’ve been making the same claims on the sparse information on the ADL for the past twenty years. An “abundance” of data and “anybody who’s not an idiot” can assume there’s millions of ounces. The market just doesn’t get it. etc, etc,. AMNP just inserted the most broad, non-specific, non supported (no actual backup reporting), data point> 250 meters ranging b/w 17 and 24gpt gold. Along with zero information on the offtake agreement, they are only providing information on surface samples (again).
If you want to truly understand the significance of surface samples in determining the size, grade, or economics of a project I strongly you encourage you to do some real due diligence, away from this site.
AMNP, like AUMC, is not an investable stock (yet). These are public shells, issuing updates and financial disclosures more typical to a private company. They could both be 10x opportunities or complete zeros. Based on the information provided to date, it’s literally impossible to predict. At least with AUMC you have a reasonable sense for the current share count (for now). I can’t imagine anyone investing, let alone admitting to be invested, in AMNP at this point. This is an insiders game. No different from the anhiliation in the CDCH/AUMC share restructure, 8+ years ago.
Sidenote. In an effort to give some credit where its due. At least AMNP had the courtesy of taking a picture of their stockpiled ore!!! Doesn’t seem all that difficult. Maybe the 60k tonnes stockpiled over at that ADL was too large to fit within any picture frame?
If Glencore wrote a check for $10 Million for an offtake agreement to AMNP for ONE ore shoot within ONE vein, I wonder how big a check they might write for ore shoots on SEVEN known mesothermal veins and another 23 possible.
And, I guess if I was Glencore, I just might pay a few bucks to AUMC up front to keep quiet about the possible production during the dialing-in process in order to keep the pressure off during negotiations.
Not saying that happened, not privy to any inside information, but it’s rational.
Uh-huh.
Wake me up when our money wakes up. For the sacrifice and opportunity cost endured, nothing short of explosive fireworks will have made this worthwhile. Double digit AUMC pps and successful conversion of MDMN at 175:1 or better is my bar.
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That’s a laughable suggestion. Just not how things work.
However, you’re prior point on Glencore is relevant and the main (only?) publicly available data point to provide some confidence in the prospect of the project. They have access to their own geos and the complete AMNP data room (assume its not all that robust given the limited exploration/surface sample activity). While $10M is a rounding error, they undeniably saw something worth taking a bet on (for an offtake vs. a ROI in their equity stake). Orrrr, maybe they agreed to give Maurizio some $$ in return for action on the Columbian project and took a lottery ticket on AMNP. Hard to know given the information provided to date.
Once again we’ve got nothing Has anyone verified those pics of machinery are even on the property?
Actually, yes. The environmentalists are not at all happy about the big new mining operation on the Alto which is at headwaters of a couple of minor rivers. Many references to it on Instagram by the locals. I think an announcement about production commencing could come now at anytime. Will try to savory this huge milestone after years of endless disappointments.
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Mikegold, Thank you for that update….
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