Hycroft Mining Holding Corp (HYMC)

[Wmucca]

I'm just a dumb geologist and have read the bankruptcy agreement and now this new data too many times to count.
My thoughts are that the price of the shares of the new company doesn't matter. What matters is the market value of the company. My math says we need to have a market value of somewhere around $675-800M for our warrants to be in the money. The press release states the value of the deal is (approximately) $570M. If I'm correct our warrants are out of the money.
What I don't know is if this acquisition dissolves our warrants or they stay in place. If they stay in place and the company is successful the market should reward them for the reserves and production and when the value increases we should be rewarded.
Just my opinion.