Saint Michael the Archangel,
defend us in battle.
Be our protection against the wickedness and snares of the devil.
May God rebuke him, we humbly pray;
and do thou, O Prince of the heavenly hosts,
by the power of God,
cast into hell Satan and all the evil spirits
who prowl about the world
seeking the ruin of souls.
Amen
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In the 6ix interview, Diane said each share is backed by 22 oz of metal. I asked @grok what that meant, and it responded with the following. Sit down before you read it.
She meant each HYMC share is backed by ~22 oz of silver-equivalent metal in Measured & Indicated resources (gold converted to silver at a 75:1 ratio). Using that reference, the gross in-ground value per share (ignoring costs) would be ~$1,700 at current silver prices around $77/oz.
This does not include drill results from after March 2025?
Fascinating.
This is going to be much larger with every update. Institutions wonโt be able to ignore this for much longer.
$HYMC
Hycroft Miningโs best news ever. This is a wild increase in reserves. 1,645,630,000 oz silver equivalents. Increased from 1,040,000,000 oz silver equivalent. Huge news for the mine. Also POX processing recovery higher than expected. Letโs go! $hymc @HycroftMining
ICYMI: Hycroft Delivers 55% Growth in Mineral Resources
Over half a billion silver ounces (M&I) now defined. 16.4 million gold ounces. The opportunity at Hycroft keeps expanding.
Read todayโs full press release: https://t.co/21ZSD7caXU
$HYMC
HYMC now has 1.6B silver equivalency. Based on todayโs silver prices, that equals approximately $120 billion of metal.
Cut that number in half for cost and taxes, and we should be at a minimum $50 billion market cap right now. Get it?