Hycroft Mining Holding Corp (HYMC)

[hyct_investor]

Wmucca,

Looks like you have lots of knowledge of the industry, I would think .2 to .4 times of NPV is generally for early stage explorers where mills needs to lots of work. Way Randy is at least project this project, it looks like a very low cost mine AISC should come much below $1000 with tier-one jurisdiction and growth potential for next three years, this poppy should give at least 1xNPV, we can be conservative to take between .6xNPV and 1xNPV. If Randy keeps the growth going as well as metal moving during 2020, NPV will keep climbing as well.

With reference to # of stock and market capitalization, I see similar company line PVG has 184M shares at $9.48. which is close to 2.5 times of shares with respect to our current warrant conversion.

Here are some of the valuation with respect to corresponding NPV multiplicity
.3xNPV = warrant value - stick_price = $0.15
.4xNPV = warrant value - stick_price = $3.00
.6xNPV = warrant value - stick_price = $8.69
.8xNPV = warrant value - stick_price = $14.39
1xNPV = warrant value - stick_price = $20.09

Assumption: 12.9M as 17.5% of the company

Plus warrants has 3 years of remaining time optionality.

I guess potential move on warrants is yet to come, it will just explode one of these days.

Good luck all,