Eric Sprott Was Buying HYMC at $45-$50 Per Share LOL

The largest position of NIA’s President by far is the iShares MSCI Brazil ETF (EWZ), which has very strong exposure to crude oil through its large stake in Petrobras (PBR)… the world’s most undervalued oil company. NIA has been saying for months that EWZ is extremely undervalued relative to GDX, GDXJ, and VOO. The fact that crude oil is the top story in the news right now is more proof that we are in a new secular bull market for natural resources in general. It should be no surprise to anyone that the crude oil/gold ratio is rising from an all-time low. Almost every commodity trading near all-time lows priced in gold is likely to outperform gold in the years ahead.

We stand by our belief that Trio-Tech International (TRT) and Celtic plc (LSE: CCP) are the two safest stocks in the market with a 100% chance of going up. Even if TRT isn’t revalued to Aehr Test Systems (AEHR)’s enterprise value/revenue multiple of 21x, TRT will at least be revalued to an enterprise value of 3–5x revenue. Even if Celtic isn’t revalued to Madison Square Garden Sports (MSGS)’s enterprise value/revenue multiple of 8.10x, Celtic will at least be revalued to an enterprise value of 3–5x revenue.

Imagine if Hydrograph Clean Power (HGRAF) signed a $2.5 million automotive contract and a $5.3 million AI GPU contract. Kevin Bambrough would hype it up as proof that HGRAF not only deserves its $2.32 billion market cap, but somehow deserves to be worth $50 billion or more. But all HGRAF managed to announce this week is: “HydroGraph Certifies Broadway as Qualified Compounding Partner, Expanding Commercial Graphene Masterbatch Capabilities in the UK and Europe”… the kind of deal any company can sign to keep people hoping that real contracts are coming (they are not).

QI Materials (CSE: QIMC)’s announcement today is 1,000x more important than anything HGRAF has announced in history. Natural Hydrogen is the #1 biggest new boom of 2026 and is in the very early innings… but it is very high risk and speculative.

A few months ago, our gut feeling was that Hycroft Mining (HYMC) was extremely overvalued at $30 per share and we tried shorting it but didn’t get filled. When it rose back to $30 per share for a second time, we knew it was going a lot higher and didn’t short it. When Eric Sprott recently increased his Highlander Silver (TSX: HSLV) position at $6.80 per share, we purposely lied when we said he was no longer buying HYMC… because we knew that he still was buying HYMC at prices of $45–$50 per share, which made us cringe, reminding us of Michael Saylor buying Bitcoin at $100,000+.

In our opinion, Eric Sprott was mainly buying HYMC at crazy overvalued prices to keep people confident in a company with very low gold/silver grades and bad metallurgy. It is impossible for HYMC to produce gold/silver at a profit no matter how high gold/silver prices rise. It is similar to Frank Giustra’s Argenta Silver (TSXV: AGAG), which can never be developed into a profitable mine under any circumstances… but at least Giustra has been openly selling AGAG and not trying to trick people into buying more.

HYMC’s valuation totally relies on Eric Sprott backing the company. Without Sprott promoting HYMC, it would be less than $10 per share. HSLV doesn’t need Eric Sprott to back it. We greatly welcome that he does, but even without Eric Sprott, the moves Richard Warke and Daniel Earle have been making are creating real, long-lasting shareholder value. It is best to hold strong and focus on the big picture… HSLV’s Corani, the world’s largest fully permitted, construction-ready silver project. Prior to development, they have many “easy wins” in the short-term, likely to expand its resource size to a level that far surpasses Discovery Silver (TSX: DSV)’s Cordero.

Americas Gold and Silver (USAS) should have never traded above $10 per share and remains extremely overvalued today because of antimony. United States Antimony (UAMY) is even more overvalued than USAS. In our opinion, NevGold (TSXV: NAU) remains completely undiscovered as an antimony play and is likely to strongly outperform USAS and UAMY between now and year-end… similar to how Energy Transition Minerals (ASX: ETM) has a 100% chance of outperforming USA Rare Earth (USAR) and Critical Metals (CRML).

Viva Gold (TSXV: VAU) is back down to $0.12 per share and is almost back to where NIA’s President purchased 100,000 shares in August at $0.085 per share. If it returns to $0.085 per share, he will be quadrupling down on it.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President owns a position in EWZ. NIA has received US$50,000 cash from CUPR for a new six-month marketing contract and previously received US$30,000 cash for a three-month marketing contract. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. NIA has received compensation from QIMC of US$50,000 cash for a six-month marketing contract. NIA’s President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA’s President has purchased 100,000 shares of VAU in the open market and can buy or sell shares at any time. NIA’s President has purchased 75,000 shares of CCP and intends to buy more shares. NIA’s President has purchased 1,300,000 shares of ETM and can buy or sell shares at any time. This message is meant for informational and educational purposes only and does not provide investment advice.