Hycroft Mining Holding Corp (HYMC)

[hyct_investor]

Here is the example with .4xNPV

NPV (2,100,000,000) X .4 = 840,000,000 Company valuation (Market Cap of the company)
Warrant portion (17.5%) = 147,000,000
Minus Warrant Strike price = 8.4 * 12,900,000 = 108,360,000
Residual value = 147,000,000 - 108,360,000 = 38,640,000

Residual Value Per Warrant = 38,640,000/12,900,000 = $2.995

Time optionality for three years will be additional $1 plus minimum, which makes it $4.00 warrant price.

.4x NPV is quite low considering
-- Hycroft is already producing 750 oz gold per week
-- low all in cost
-- tier-one jurisdiction
-- YoY growth
-- Potential Metal price sky rocketing by 2020.