The Shit to Know Thursdays

Afternoon subscribers,

As usual, a ton of shit happened this week and the last thing we would want is for you to be out with your friends cracking a cold one on Friday and not having shit to talk about.

So dive in for some weekend Yap ammo.

Market Indices & Commodities

Tech
OpenAI Testing Search Engine “SearchGPT”

OpenAi is coming straight for Google’s head with their new search engine “SearchGPT”.

They have had it with Google’s mass dominance in the internet browser game, so they are in the testing phase of their own browser powered by their AI models such as GPT.

In the words of OpenAI, “SearchGPT is a temporary prototype that will combine the company’s AI models, such as ChatGPT, with the ability to search the internet. It will respond conversationally to searches while providing up-to-date information with “clear links to relevant sources”.

This new feature positions OpenAI as a direct competitor to major search engines, most notably Google but…. also Bing, a product of OpenAI’s biggest investor Microsoft.

This is some savage shit on behalf of Mr. Altman, slashing the throats of his own supporters. This man is on a war path.

However, due to OpenAI’s bullshit restrictions, I think Google and Bing will remain on top due to one factor. Internet Porn.

Until Chat GPT can show us some titties they will never take the crown.

Fuck-Up’s
$CRWD Fucked up Big Time

This Monday, Crowdstrike a leading cyber security company had a generational fuck up causing over 8.5m Windows systems to crash out, due to a botched update.

This global outage affected Airlines, Banks, Restaurants, and News Stations, and pretty much everything was out of commission on Monday, couldn’t even get a Large Pike Place Coffee.

$CRWD took a massive hit and pissed off some of their largest clients, such as Elon over at X as he stated he had “Deleted Crowdstrike from all his systems”

As an apology apparently $CRWD has offered all its affected clients a $10 Uber Eats card… As ridiculous as it seems, $CRWD had over 600,000 affected clients. That is $6m in Uber Eats.

We are going to parlay off of this…..

$CWRD $240 Aug 23 Puts

$UBER $70 Aug 23 Calls

Not financial advice, simply a joke.

Politics
Biden Drops and Dem’s Are Raising Cap

Surprise Surprise, Biden dropped out of the election. Obviously, you knew this, but what you maybe didn’t know is that the Democrats have already raised $250 million in online funding since Biden’s announcement.

Not only have they raised $250 million, but a super political action committee that supports the Biden-Harris ticket announced that over the past 24 hours, major donors have made “contribution commitments totaling $150 million to the Harris election effort.”

$400m in funding? I’ve had some decent blowjobs but not $400m in funding good.

However, I have a feeling we are going to see a new character enter the race here, this season is due for one more plot twist as Rep. Andy Ogles (R-Tenn.) just filed articles of impeachment against Vice President Harris on Tuesday.

Commodities
$VZLA Crushes Their PEA (Preliminary Economic Assessment)

In the world of Junior Mining PEA’s are kind of a big deal.

A PEA (preliminary economic assessment) helps you assess the economic viability of the company’s mineral deposit for potential mining operations.

You can have all the Gold in the world but based on Gold prices, extraction costs, head grade, cut-off grades, all these factors that can play into the economics of it, does the deposit make sense to mine? will you make money?

In $VZLA’s case, it seems so! they just released their PEA which has exceptional economics highlighting their Panuco Project as a world-class development.

Here are some of the important factors of the PEA explained in non-mining terms👇

Production:

• The mine will produce 3,300 tonnes per day for the first 3 years.

• In the 4th year, production will increase to 4,000 tonnes per day.

• The mine will operate for 10.6 years.

Quality of the mine:

• The mine has high-grade mineral deposits with an average value of $253 per tonne.

• High-grade underground mine with mineralized material averaging US$253/t NSR value comprising Copala deposit with 5.3 Million Tons averaging 316g/t Ag, 1.97 g/t Au.

Annual production:

• On average, the mine will produce 15,225 kilograms of silver and gold equivalent per year.

• In the first 2 years, production will be higher, at 20,185 kilograms per year.

Costs:

• It will cost $7.98 per ounce to produce silver and gold.

• Including all expenses, the cost will be $9.40 per ounce.

Investment:

• Initial investment required: $224 million.

• The project is expected to generate a profit of $1.137 billion (after taxes).

• The investment will pay for itself in 9 months.

First off just because they have a PEA doesn’t mean they have a mine, this is all theoretical, they still need a PFS (pre-feasibility study) & macro factors such as silver price to remain steady.

But this is a HUGE development in the story and has taken $VZLA one hell of a step closer to glory.

^{_{Thank You}}
That’s all Folks

Just one more fucking day, I can smell it…