So, just movie to right a bit should get us to where he climbed up on the top of the small home.
This is what I got out doing that.
A lot appears to be going on here. Erosion and other geological issues are probably an issue here. I kind of think there has been some man made work done here too. You can see there is a sign at the bottom that fell over. From what I can tell that dark looking rock on the far left does seem to be one that was here from the filming, but all the rest do not seem right. You can compare the other side of the river with the movie picture if you want.
Having Grit at Hot Creek (Youtube Version)
Having Grit at Hot Creek (Vimeo Version)
For the video I used the following music from Incompetech: Americana, Crusade, and In the West.