Hycroft Mining: Gold Miner With A Lottery Ticket Profile

Datalam Trading
91 Followers

Summary

  • Hycroft Mining offers a highly speculative, asymmetric upside play on gold, with vast undeveloped reserves and significant leverage to rising gold prices.
  • Recent $3.50/unit share offering and insider participation signal confidence above current levels, while exploration and metallurgical results in 2025 could be major catalysts.
  • Compared to Vista Gold, HYMC has larger reserves and greater optionality, but carries higher risk, volatility, and dependence on successful project optimization.

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My Thesis

Hycroft Mining Holding Corporation(NYSE:HYMC) represents a highly speculative, but potentially asymmetric, upside speculation on the gold price. The company owns significant precious metals deposits in Nevada, with current valuations remaining well below the value of the company's assets. The recent

This article was written by

91 Followers
Hi, I'm Martin, I focus on maintaining a delta neutral portfolio. I want to be long/short at the same time and benefit from market volatility. I specialize in using options through which I enter and exit trades. I look for market opportunities primarily in small companies, and my search takes me into the waters of mid-sized companies as well.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in HYMC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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