Comstock Inc (LODE)

[realtorwsm]

Business Summary

"Comstock Mining Inc. operates as a gold and silver mining company in Nevada. The company operates in two segments, Mining and Real Estate." Real Estate...Real Estate REEALLY....Hummmm! Think they are advertising here a bit? I do!

One thing I haven't forgotten is initially they have been a research development company. I think initial goal was to set this whole thing up for a buyout and mine IF they could! Too many tangents have stymied this along the way. Could they turn things around to primarily mine and produce...I think this is still very possible but a big part of me believes they are striving to attract a buyer.



"The Mining segment owns and controls approximately 8,546 acres, including approximately 2,245 acres of patented claims and surface parcels; and approximately 6,301 acres of unpatented mining claims in the Comstock and Silver City Districts. This segment primarily focuses on exploring and developing properties located in the Lucerne Resource area in Storey County, Nevada. The Real Estate segment owns the Daney Ranch property located in Silver City; and the Gold Hill Hotel and related homes and cottages, which consists of a hotel, restaurant, and bar located in Gold Hill, Nevada, as well as land and real estate rental properties. Comstock Mining Inc. was incorporated in 1999 and is headquartered in Gold Hill, Nevada."