Comstock Inc (LODE)

[TMLonggun]

Take your emotions out of your investing. Call me an asshole or an evil short seller or whatever story you need to concoct to sleep at night but that will not change the veracity of my words. In the future you might try using debate over ad hominem. People, myself included, will be more receptive to that.

I explained why W didn't take it private. It is in his best interest to keep it public. He cannot milk public shareholders and the stock market if it is private, nor can he easily reap the full value of the company if it were to prosper.

pathetic gold company if those running it are a bunch of slackers and rip offs?

All your words, not mine. In general I used positive words to describe lode, because overall I still think of it with a slightly positive score. I think lode is good company with an awesome project and bad management.

Why are a small number of people willing to invest? Because of the good sides of the project that have been discussed ad nauseam for a decade. Since lode is a high cost producer for some reason lode will probably function like an optionality play as the price rises, so for a lot of people it is a pure bet on rising gold prices. A bet they will probably win. Although lode makes no money at current prices they will probably make a lot of money at higher prices. Higher prices are likely but not set in stone.

Do I know that mining requires energy? No, I was ignorant of that fact. Thank you! Your reply was almost too comical to answer and contained no coherent rebuttal of anything I said and does not really warrant a reply but I am replying because I like to argue and I think that through discussions like this is how people ultimately get to the truth of an issue. Even if you and I learn nothing from this conversation and do not change our opinions others may find it informative. There is also an ignore feature if you find my opinions to be too unpalatable. Or perhaps you could take ten deep breaths before reading one of my posts, I hear that helps.

I also explained that quote you pulled out. It is prudent to assume low gold prices and use conservative numbers so that you develop a robust project that will be profitable in good times and bad (and avoid the position lode is in currently). I believe gold will not trade below its low term AIS cost of production and that higher gold prices are much more likely than lower prices. That does not excuse being unable to make any money at current prices with the type of operation that they have. I have discussed mining costs on this board numerous times and I am well aware of the average AIS cost of gold of about $1200 an ounce. I have sighted that number on this very board numerous times and used it to demonstrate the disingenuousness of lodes' CATM calc, so of course I am aware of it. The current high costs of mining are do to mistakes and over-investment made by majors when times were excessive. This number is skewed by the large producers like Newmont and Barrick and the big high cost operators that have suffered over the past few years. That has absolutely nothing to do with what lode's costs should be. Lode should not be among the ultra high cost producers. Instead they should be in line with other similar projects and not tracking a number that has substantially less to do with them.

Best of luck to all us lode shareholders, even the grumpy ones!
Take care everyone.
-TM