Comstock Inc (LODE)

[baystock1]

Unfortunately once a company has lost credibility like comstock has, it will take more than PR's and 43-101's to bring back the gold investors who normally invest in juniors. The company needs to restore their credibility by showing they have actually found a gold deposit that can be put into production with low capex and that will generate cash at current gold prices. They currently don't have such a deposit, but I think they will find this at Dayton, which is why I am invested here. In the current harsh environment for gold juniors fluff PR's and 43-101 reports just won't cut it.

But if the gold price was to sustainably cross back over $1500, then PR's and 43-101 may be sufficient as it may suck in new investors who don't appreciate how difficult the gold mining sector really is and also may cause old investors who do have this understanding of the difficulties involved to loosen up. And this may happen before the end of year, if not we will have to wait until next year when they can demonstrate they have a mine at Dayton that works in the current environment.