Comstock Inc (LODE)

[saildone]

I ran across an article in Mining.com by Adam Hamilton titled the
"Gold miners’ $1200-cost fallacy"

In it he looked at the miners on the GDX and built tables showing both cash costs for mining and the all in costs. For the cash costs he found that they were "averaging just $649 and $620 in Q2’15 for the actual gold miners among GDX’s top 17 and next 17 component companies!".
And regarding the average AISC he said "industry-wide all-in sustaining costs per ounce were far below that $1200 threshold.  GDX’s top 17 component gold miners had average AISCs of $936, while the next 17 looked even better averaging $857."
He also noted that the companies conservatively project their future AISC in order to not disappoint.
CMI has begun to meet that kind of an average for cash costs and they project an AISC at about $1050 which I suspect is likely to be conservative. Looks like this is going to be a pretty harsh fourth quarter but it does look positive for next year.
I realize that startup miners usually, or at least often, do take more than five years to become profitable but I am really tired of saying maybe next year. Still the company has delivered on cash costs and after this round of exploration is completed I do think the AISC could be well below a thousand dollars.