Hycroft Mining Holding Corp (HYMC)

[uhlmant]

In 2021 First Majestic bought Jerritt Canyon Mine (200 miles east of Hycroft) for $470 million dollars.  For that price First Majestic bought 31,000 hectare package with 1.9M Au eq oz in all categories of reserves.  Hycroft DWARFS Jerritt Canyon.  A slightly smaller land package of 28,000 hectares but 15.3 MILLION Au eq oz in just the Measured and Indicated reserve category.  The Hycroft reserves represent only 2% of the land package.  So this is beast that needs someone with deep pockets to exploit.  This should sell for over $400 million just for the land.  If considering the resources...about $3.8 billion (using Jerritt as a recent sale).  This is $64 per share!  Even 10% of this is another 300% gain from here ...at least.