Comstock Inc (LODE)

[TMLonggun]

I've always loved CMI's property but the company as a whole is a different beast. It is hard to recommend buying lode here when there are better deals on profitable companies.

As a purely speculative trade it is likely lode will go to a dollar in the next 6-9 months, just based on them plodding along while getting a small % boost from gold's seasonal rally that has recently begun IMO.

Hypothetically if you had a choice of two identical stocks side by side - one makes a huge amount of money and one loses a huge amount of money. Which should you pick? Which is objectively less risky?

I know all the lode guys will say they'd pick the one that losses a huge amount because it might have a chance to earn a decent amount of money some distant day in the future but it is obvious by its very nature (profitable vs unprofitable) that lode is riskier than many of its peers while its upside is tied almost entirely to price of gold as an optionality play.

Personally I would rather the scenario where a company makes lots of money now and IF gold were to rise then they would make even more. Mines should be profitable at prevailing gold prices and then they are in a position to benefit from higher prices if they occur. Everyone just assumes higher gold prices are a given. Gold is likely to go higher from here but it isn't set in stone.