Seems like nobody read the updated presentation on their site. Would be nice if they tweeted the link or something.
For starters,
1.There is a whole another hycroft mine to be had on the unexplored east side of the mountain with the same sort of rock they have been mining on the west side.
2. They found visible gold showings in the banded brimstone veins
3. There is the area near the old rosebud mine that is a placer style and on trend with rosebuds mine that their claims surround.
4. They found 14lb/ton bonanza grade silver intercepts at vortex. Could easily be the worlds largest silver resource with their current 450m+i and 150inf and a bit more drilling, but so much more undsicovered potential.
5. They figured out the overall feeder faults and the whole emplacement of the 70k acre area and how the whole system fits together.
I could go on for hours but wont.
Anyway, this should trade at a multiple of their p/nav (easily $5B+ at current ore prices based on their 2019 feasibility), and not barely above the $175mil cash on hand.
My feel is this is Dr. Garrett coming in and righting the ship at Hycroft.
She transformed Romarco, and if you research that one, you see Hycroft presents a very similar opportunity, only on a much larger scale. She seems like the purple squirrel CEO you want running this sort of thing. She appears to be well liked by employees and harbors a positive work culture with a proper emphasis on safety first.
Just my gatherings from my research so far.
Thanks
