SPAC Interview With Mudrick Capital Acquisition And Hycroft Mining (HYMC)

I recently had the privilege of interviewing Jason Mudrick of Mudrick Capital Acquisition Corp (MUDS) and their recent merger with Hycroft Mining now trading on the Nasdaq as HYMC and HYMCW.

We were joined in the interview with Jeff Baker, my son, an economic geologist as well as David Kirsch, Chairman of the Board of Hycroft Mining.

Hycroft Mining will be announcing its Second Quarter financials on August 10, 2020.

Hycroft to Release Second Quarter Financial and Operating Results on Monday, August 10, 2020

Conference Call to be Held August 10, 2020, at 11:00 am MT 

We trust you will enjoy our interview and encourage you to share with other like-minded investors.

Video Length: 00:31:12

Hycroft Restart and Future Growth

Interested investors should visit Hycroft's recently updated Corporate Presentation as of July 2020

Hycroft Mine Overview

Senior-scale asset with an expected average annual production of approximately 366 koz Au Eq.(1)

Management has developed a “capital-light” restart plan that is being executed in 2020 after which the mine will begin to ramp up to Feasibility Study production levels

  • Mining has been ongoing for over a year
  • Hycroft has fully constructed mine and processing facilities
  • Crusher commissioning completed
  • All operating and environmental permits are in place for initial mining and heap leach operations, with EIS recently approved
  • Proprietary process(2) oxidizes sulfides prior to leaching
  • Successful recoveries in excess of 80% have been demonstrated(3)

Substantial Scale

Hycroft ranks among the 25 largest gold deposits in the world based on resource size, and the second largest in the U.S.

  • 34-year mine life provides strong leverage to gold and silver prices, with expected production approximately 366 payable gold equivalent koz per year, including an average of over 10 moz Ag annually
  • Potential resource conversion provides additional production upside and mine life extension
  • Substantial scale will appeal to senior producers once the project has demonstrated economics/production success

There are now over 100 SPAC's (Blank-Check companies), in our stock warrant databases, all are searching for a Merger partner or Acquisition and all have stock warrants trading in addition to hundreds of other warrants trading in all industries and sectors.

Disclosure: I currently own the stock warrants which trade on Hycroft Mining under the symbol HYMCW.

Disclaimer: Dudley Pierce Baker is not a registered financial analyst and his opinions are ...

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