We Will Short Hycroft Mining at $30
If you read our December 18th article entitled, ‘Most Overvalued Gold/Silver Stocks’ they overlap perfectly with the companies Eric Sprott pushed the hardest in his video two days later (click here to see). This is not a coincidence, lol! We know what we are doing!
Of the companies he is most bullish on, Hycroft Mining (HYMC) has the highest chance of going higher because they did discover high-grade silver… but Minaurum Silver (TSXV: MGG) discovers similar grades of silver every week and is trading at a tiny fraction of HYMC’s market cap.
HYMC is too risky for us to buy.
We are going to wait to see if HYMC hits $30 per share and if it does, we will be selling it short.
Sprott’s Americas Gold and Silver (TSX: USA) is already trading for 17x revenue. Come on now! USA is burning massive amounts of cash!
The only way to justify USA at 17x revenue is speculation due to antimony. NevGold (TSXV: NAU) has the biggest antimony potential!
Contango ORE (CTGO) is trading for about 5x free cash flow! NIA’s President is going to continue accumulating CTGO!
Sprott doesn’t talk about Highlander Silver (TSX: HSLV) because he doesn’t need to, he knows it will surpass Discovery Silver (TSX: DSV) in market cap within a year.
CTGO and HSLV are making the best two silver acquisitions in history!
Sprott is great though we have learned so much from him about what to do and what not to do… and we will be buying more of his Earthlabs (TSXV: SPOT) definitely not New Found Gold!
The only person we have learned more from was Ted Butler and his last words from June 2024 were, “After further consideration, the medical issues that have caused me to interrupt the service do not appear to be getting better anytime soon. As a result please accept this as notice of the shutdown of Butler Research, LLC. Thank you all for the many years of support. It is somewhat ironic that at this point silver never looked better to me. I think the biggest mistake someone could make is selling too soon. Ted Butler”
Past performance is not an indicator of future returns. NIA is not an investment advisor. Always do your own research. NIA’s President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA’s President has purchased 30,500 shares of SPOT in the open market and intends to buy more shares. NIA’s President has purchased 5,000 shares of CTGO in the open market and intends to buy more shares. NIA has received compensation from CTGO of US$80,000 cash for a ten-month marketing contract. NIA is receiving compensation from MGG of US$100,000 cash for a twelve-month marketing contract and previously received US$60,000 cash for past marketing contracts which have since expired. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only.
