Lester - I'm not wrong. I'm realistic and I take a considerable amount of time actually reading the filings and then doing the calculations. When I see posts that are blatantly false and/or mis-leading or when someone is asking a genuine question that I believe I can provide information to, I will respond with factual information, with supporting evidence - such as links to the actual company filings, technical reports, institutional holding, short interest, etc...
I am a shareholder. I have no more access to information than anyone else does. I simply utilize every tool that I have available from SEC filings to the county (Storey & Lyon) recorders office to the county planning & commission meeting agenda and minutes of those meetings. When I am unclear of something, I ask the COMPANY for clarity.
That being said, I would not be a shareholder if I did not see the potential for great value here. For years, people said they would never mine and never produce silver and gold. I knew they would and I put up the cash to purchase a dore bar from the first pour and I put up the cash to purchase the 150th silver commemorative that is .9999 pure Comstock Mining Inc. silver.
The company has hard earned and very costly assets that are worth great value. Getting the proper zoning and permits in the historic district is huge. The infrastructure, hard assets, like the Merrill-Crowe facility, fresh water pond, leach pond, permitted and expandable leach pad, crusher are there.
There are numerous other items that have cost a great deal of money to accomplish, but will have a very positive impact for shareholders IF the company can develop and deliver an economical mine plan. That is the unknown. I have no doubt that the gold/silver is in the ground. I have no doubt that the drill results, like the previous ones, will be positive. The question is: can it be mined at a profit?
I don't know and neither do you. I remain a shareholder because I believe that they have learned costly, but very valuable lessons while mining the very small section of the Lucerne, that they will consider as they develop out the much larger Lucerne area, Dayton, Spring Valley, northern section, etc...
Mining is a VERY costly venture. It would be foolish for any shareholder or potential shareholder to think that they are done spending. Without immediate revenue to cover those costs, the money comes from somewhere. Who do you think pays the bills? Whether through interest payments on loans, payments in future production of silver/gold or shares of commons stock? Answer: shareholders.
Just keep it real with both eyes wide open.
