Hycroft Mining Holding Corp (HYMC)

[Wmucca]

Yes that is the case. There are thousands of holes drilled into this deposit dating back over 30 years. The geology of this system lends itself to bonanza type grades. This has always been the thesis for exploration at Hycroft. This is one of the few systems like this in the world with the roots still intact.
I haven't looked at it in a while but there is a hole at Hycroft names the LAC hole drilled by Lac minerals years ago. It was the highest grade hole every drilled at Hycroft and was one of the highest grade holes drilled anywhere for quite some time, but no one could expand on it.
The Vortex, Brimstone and Camel lower zones are attractive but they are very deep and require a lot of capital, or they need the upper lower grade transition zones to pay for the stripping.
Regardless until management has a plan to put this into production it will trade at cash (just my opinion)