Comstock Inc (LODE)

[resourceinvest]

Following from my analysis of the past, another compelling issue that I see is that the mistakes that the company are now admitting to have made would have been realized a few months after production started, yet it took them 3 years, and $60 million of shareholders money, to own up to them and to stop production. During this period we were told on a number of occasions that 40,000 ounces a year was the new production rate and at one time (I believe Q4/14) were told that this had been achieved at that this was the new rate. As we now know, it was always 20,000 ounces pa. They talked of initiatives that had reduced costs when in fact the cost savings were 90% the result of lower production. This isn't an "initiate" it's obviously a negative connotation. You can save 100% of your mining costs if you stop mining!!! which they have now "achieved". Investors need to take what is told and said with a large pitch of salt and a huge dose of skepticism.