- The company’s flagship project has reserves of 11.9 million ounces of gold and 478.5 million ounces of silver.
- The after-tax net present value is $2.1 billion at $1,300 per ounce of gold and more than $4 billion at today’s gold prices.
- However, the grades are very low and most of the remaining material is sulfide, which could lead to a lot of technical issues.
- Hycroft Mining also had a $116.8 million net debt as of March 2021 and the red flags seem too many.
- I think that the company is heading to a funding shortfall, which likely means stock dilution. I’m bearish.
For further details see:
Hycroft Mining Has A Lot Of Gold But There Are Many Red Flags