First, what do you take for the actual debt of just the USA? The stated numbers or what they really owe?

Either, just keep the metric the same between comparisons and sources for either. Even if it's what they really owe, how do you get to that figure?

Second, the company states that it does not plan to mine. If they did I would be tempted to hide money in it as wealth preservation. Under the circumstances there are other places to do that. I don't want them to be forced to take a crappy deal because they waited too long and have to sell in the middle of a melt down. Hence, get off the pot or go long. Going long requires cash. They have not done that yet.

This is a fair point, however they have filed for a prospectus which means they COULD raise a large amount of money. They haven't stated the intention to mine, because that's more a "last resort" no? Ideally sell it, but if you can't - that's what you have back up preperations for, no? And although I agree, for the sake of "hiding money for wealth preservation" there may be some better places, it's not exactly a bad place to do so and the upside is large regardless. Even the crappiest deal is still a huge upside to the current SP if they sell instead of using a backup "go mining plan" no? In terms of raising money, obviously it'd be difficult to do in a tanking economy, but it'd definitely be doable - especially with Ernesto. I mean, if you were him would you not be willing to finance part of it if the other option was to have to be forced to take a worse deal instead? Again, especially if it becomes a scenario where you don't want cash and fiat currencies - you want tangible goods and profitable businesses.