RE:Did AnyoneByhi wrote: Besides me ever wonder why Sprott went into the deal with AMC (I think)
and not send him are way
when there is so much open with us..
ARE WE BAD..
DO WE have another deal cooking
Has he left us for grener pastures
Any thoughts
byhi
Two completely different questions I think. Sprott bought 23.4 million shares at $1.19/share of Hycroft and another 23.4 million warrants at $1.06/share. The stock is already up to $2.50 this morning. Why? It has 15 million oz. Au and 600 million oz. Ag in Nevada and the current management can't make a profit mining those minerals. I looked at the stock and valued Hycroft at about $4.50 conservative. It was a steal for Sprott and AMC. I think Sprott feels he can make a good profit (and already has) on that deal.
I believe Mr. Sprott looks at the Three Amigos in a similar way. That is, he will make a good profit on a very undervalued property. He already made his investment in Treaty Creek for a very good price, doesn't need to add to his positions I think.