Hycroft Mining Holding Corp (HYMC)

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The bfs from 2019 showed an npv of 2.1 billion.

Average for industry peers at the time that estimate was made was 1.13*npv for similar miners.

2.37bil/195mil shares = $12/share

Basic back of the napkin calculation there but not out of line with the $13/share target you mention.

Especially if the company begins commercial scale production here in the next year as has been stated.

That bfs used $1300/oz gold i think.

If you apply current gold prices, then the npv is probably closer to $5bil.

If you consider they estimate 40-50% of revenue will come from silver...

And they found higher grades of silver since that bfs...

And the other un and underexplored areas.

Well, i dont care that you dont see it, but imo you are wrong.

I am not a fan of that $13 target, because people throw out that number without showing their work on how the number was derived.

Right now hymc is being valued at 172 mil cash and about $50 million valuation for everything else (i.e. 15mil m&i gold and 500mil m&i silver and all of the facilities merrill crowe, leach pads, etc)

Fair value today should be higher than $1.13, and while that 1 year target might be 2 years old and not well sourced, a one year target of $13 or more isn't out of line for a commercial scale producer.

34 yr mine life producing 350k oz gold and 10mil oz silver per year discounted at 5% gives what npv?