Hycroft Mining Holding Corp (HYMC)

[darga33]

Remember also during the Q2 2020 earnings conference call located here:
https://seekingalpha.com/article/4367231-hycroft-mining-holding-corporation-hymc-ceo-steve-jones-on-q2-2020-results-earnings-call

Stephen Jones said that at $2035 gold, and $28.32 silver, the NPV is approximately $5.6 billion (Contrast this to the relief we are asking for). SO PLEASE DO NOT BE FOOLED. We all know that the value of the Hycroft mine increases approximately 0.6 BILLION DOLLARS FOR EVERY $100 increase in the price of gold.

Taken from the conference call:

In July, 2019, about a year ago, M3 Engineering along with SRK and Hycroft Mining Corporation completed a feasibility study for one of the world's largest precious metal deposits with a resource in excess of 31 million gold equivalent ounces that feasibility study showed a net present value of $2.1 billion at metal prices of $1,300 gold and $17.33 silver. Today, we see gold and silver above $2,000 an ounce and $28 an ounce respectively. In fact, if you take Friday's closing spot prices of $2035 gold, $28.32 silver, the NPV is approximately $5.6 billion. As you would expect, a mine with a 34 year mine life is incredibly leveraged to the precious metal prices. To put it in a little bit different perspective, $100 change in gold is $300 to the NPV and a $1 change in silver is $125.