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Comstock Mining, Inc. (LODE)

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Last Post: 1/17/2018 11:44:14 PM - Followers: 274 - Board type: Free - Posts Today: 0



Invest in American gold mining company with resources of over 3.2 million gold equivalent ounces on just 10% of explored land holdings in Nevada.

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. The company went public in 2011. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced surface mining production in 2012. The company is currently evaluating and planning for land exporation and underground production to begin in 2018.

The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration, development and mining. The near term goal of our business plan is to deliver stockholder value by validating qualified resources (measured and indicated) and reserves (proven and probable) of at least 3,250,000 gold equivalent ounces from our first two resource areas, Lucerne and Dayton, achieve initial commercial mining and processing operations in the Lucerne Mine with annual production rates of approximately 40,000 gold equivalent ounces and significantly grow the commercial development of our operations through coordinated, district wide plans that are economically feasible and socially responsible. Auramet International was the buyer of the gold and silver mined by Comstock Mining. The company mantains very low debt and is a prime target for acquisition. GF Capital based in Manhattan recently invested $10.7 million dollars with of working capital into the company. On July 26, 2017 the company announced it is finalizing joint venture deals with two larger mining companies. On October 2017 the company acconunced they have partnered with Tonogold and Cycledex. The Company did a 5:1 reverse split on November 10, 2017 to satisfy NYSE listing requirements.

Contact information for Comstock Mining Inc.

P.O. Box 1118
Virginia City, Nevada 89440

Main: 775.847.5272
Investors: 775.847.0545
Fax: 800.750.5740

Corrado De Gasperis, President, CEO

Comstock Lode History

The Comstock lode district is profoundly historic in that over 400 companies were once involved in a booming mining supply chain, with over 230 mills operating in the district. The area produced almost 200 million ounces of silver and over 8 million ounces of gold in the late 1800s and early 1900s. It was cosmopolitan in a very big way, with the establishment of Virginia City, Silver City and Gold Hill. Nevada and the Comstock played a meaningful role in the Union winning the Civil War, and that facilitated statehood for the Nevada territory.

The boom turned to bust when the old timers stopped mining, and because the claims were so fragmented it was difficult for modern techniques to get traction. There has been some form of mining on the Comstock lode every decade since then, but it wasn’t until we started consolidating the claims in the district that a true, sustainable return to modern mining proved possible.

Since 2003, we have consolidated over 8,000 acres of land, all under one company, representing over 10 square miles. I think that’s what’s most unique — that we are the first company to truly consolidate substantially all of the Comstock under one roof.

Coincidently, we started consolidating all of the available historic data. There’s been so much history and so much previous activity, but it was never effectively consolidated or coordinated. We were able to build on that, combining the history with additional modern techniques like geophysical data analysis, metallurgical analysis, current surface mapping data and prior drill data all into one three-dimensional, geostatistical model. Those efforts resulted in a significantly longer definition of the district, at least for the mineralized strike, from over to 2 miles to almost 6 miles in length, and ultimately, to new discoveries in the center and the southern parts of the district.

- CEO Corrado DeGasperis

Recent Drill Results Lucerne Underground

Comstock Mining Announces Best Intercepts and Widths To-Date
Lucerne Underground Intercepts 0.429 opt Au (14.72 g/t) 1.217 opt Ag (41.73 g/t) over 37 ft (11.2m) - See more at:
Comstock Mining Announces Additional High-Grade Intercepts and Succor Breakthrough
Intercepts 0.823 opt Au (28.23 g/t) over 36.5 ft. and separately 7.500 opt Ag (257.11g/t) over 5 ft. - See more at:
Comstock Mining Announces Additional High-Grade Gold and Silver Intercepts 
Intercepts 0.391 opt Au (13.39 g/t Au) and 1.635 opt Ag (56.06 g/t Ag) over 40 Feet! - See more at:
Comstock Mining Announces Multiple High-Grade Gold and Silver Intercepts
Intercepts 1.269 opt Au (43.50 g/t Au); and separately 7.100 opt Ag (243.40 g/t Ag); both over 5 Feet - See more at:

Recent Drill Results Dayton Resource Area
Of the 408 holes drilled, 245 contained intercepts of 10 feet or more in length with gold grades exceeding or equal to 0.015 ounces per ton (opt.), and with an overall weighted average grade of 0.035 opt Au and 0.323 opt Ag. Out of those same 245 holes, a total of 32 contained intercepts of 10 feet or more in length with an average Au grade exceeding or equal to 0.100 opt Au., and with an overall average weighted grade of 0.148 opt Au and 0.694 opt Ag (Table 2). - See more at:
Table1 and Table2 near the bottom of the page in this link.







 Independent Analysis:

Bob Moriarty, 321gold (10/29/10)

"Where over 400 different mining companies once fought to extract high-grade silver and gold ore from the Comstock Lode in Virginia City, Nevada, one company exists today. . .Comstock Mining. Catchy name and no one is going to forget it anytime soon. This company is going to be the Diamond Fields of Voisey's Bay fame. That was the giant find in 1993 that lit the market on fire. The project was sold in 1996 for $4.3 billion. This is the big Kahuna. This is the company that is going to ignite the junior market in this cycle. It will be sold for a lot more than $4.3 billion when it hits the auction block.

Comstock Mining is going to change the mining business in the United States and North America. Maybe the world. John Winfield is self-made. He's rich already and he's not married to doing things the way they have always been done. I went to meet him and his team. He had never heard of either Diamond Fields or Voisey's Bay. That's a good thing. He can think for himself. . .I love the company. This is going to totally change investing in gold and silver stocks. It's a real mining company run by real mining people and it's going to make a lot of people rich."

   Andy Hoffman, Travel Dispatch (03/07/11)

"Comstock Mining has done what most industry observers thought impossible-consolidate claims from one of the most famous silver and gold discoveries in history with over 6,500 acres of property. . .and from what I saw, it would come as no surprise if the activity of the late 1800s Comstock silver and gold rush repeats over the next decade and beyond, only this time with ONE COMPANY controlling the ENTIRE DISTRICT utilizing modern mining methods and management."


 Roger Wiegand, Trader Tracks (11/30/10)

"We just read Robert Moriarty's review of Comstock Mining Inc. We do not normally recommend OTCBB shares but this is an exception. . .visit to read Bob's fine report, Rebirth of the Comstock Lode.

Comstock Mining is trading this morning at about US$3.27. There are 18.9M shares outstanding (90M upon a conversion). . .We have wondered for many years as to why this mining camp had not been reopened. The 321gold story will explain why. Primarily, the property was tied up in extended litigation for many years but has now been resolved. 

We recommend buying the shares for the longer view and do not expect to recommend trading in and out on this one for numerous reasons. That could change, but we don't think so. We recommend buying the shares with no stops. Tuck this one away for the primary upside in the gold, silver and commodities cycle that we think will last many more years."


 Live New York Gold Chart [Kitco Inc.]  Live New York Silver Chart [ Kitco Inc. ]

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#22245   This board is by far the best contrarian Ace321 01/16/18 01:39:16 PM
#22242   Spot on maxbet 01/15/18 08:22:00 PM
#22241   I looked in on the tngl board just saildone 01/15/18 02:29:51 PM
#22240   People do like to ignore the facts and wshaw14 01/15/18 11:57:44 AM
#22239   Lol, the smart money is not "investing " wshaw14 01/15/18 11:51:15 AM
#22238   This is probably not what Corrado and Mark maxbet 01/14/18 11:41:43 PM
#22237   Is Phx85 Bagdad Bob? joeblow110percent 01/14/18 06:08:32 PM
#22236 that before or after the massive dilution phx85 01/14/18 11:14:38 AM
#22235   I think TNGl will hit .65 to a GoldMineTrooper 01/13/18 03:24:19 PM
#22234   TNGL is having a huge run while LODE Ace321 01/12/18 02:28:36 PM
#22233   You may need to read some of my wshaw14 01/11/18 03:47:46 AM
#22232   kinda took you a while to see the NoMoDo 01/10/18 11:52:21 PM
#22231   The facts are, since the partnership and the wshaw14 01/10/18 10:11:21 PM
#22230   Itronics is not a scam company, they have saildone 01/08/18 08:10:03 PM
#22229   No news you say! you need to look again. harpe5368 01/08/18 03:48:50 PM
#22228   The Kam-Thio process has already shown the ability harpe5368 01/08/18 03:40:01 PM
#22227   Itronics and Cycledex are scams. Nearly no news lester12483 01/07/18 02:29:44 AM
#22225   Itronics Inc is really interesting. I wonder if saildone 01/06/18 05:20:11 AM
#22224   The jv, and the collaboration between lode, itro, harpe5368 01/05/18 06:06:51 PM
#22223   Goods been going up so Comstock will probably Etailer 01/03/18 02:02:29 PM
#22222   Another green day, lets see how high it reb329 01/02/18 10:44:07 PM
#22221   This seems to be working for them. Get wshaw14 12/31/17 02:33:28 PM
#22218   Read the text that is linked. wshaw14 12/29/17 02:47:50 AM
#22217   I think you are missing a couple of Etailer 12/28/17 11:07:44 PM
#22216   If there is still $ available on the maxbet 12/28/17 08:18:40 PM
#22215   Seems to be doing well as of the reb329 12/28/17 05:39:33 PM
#22214   Sorry. ING+HO it is no longer worth watching. wshaw14 12/28/17 02:08:32 PM
#22213   The stock price will continue to slowly decline lester12483 12/28/17 01:58:44 PM
#22212   Now we know why the reverse split. Looks wshaw14 12/26/17 09:08:49 PM
#22209   Well, somebody got to buy it...maybe they'll sell realtorwsm 12/22/17 09:50:48 AM
#22208   .20's again now, wow. so when is the JB3136 12/21/17 01:36:52 PM
#22207   It would appear that that’s not really CMI’s maxbet 12/20/17 09:44:10 PM
#22206   Chairman of Comstock Mining just picked up 7,000 shares maxbet 12/20/17 06:36:49 PM
#22205   But they never have made any money mining. masomenos 12/20/17 01:31:42 PM
#22204   Ditto great post realtorwsm 12/20/17 12:19:13 PM
#22203   Thanks for this post. Interesting implications. saildone 12/19/17 10:31:22 PM
#22202   Chairman of Comstock Mining just picked up 25,000 shares maxbet 12/19/17 08:58:45 PM
#22201   Yes this stock hitting new all time lows stocktrader1 12/19/17 11:10:32 AM
#22200   I sold off my position..sadly I took a Robert1975 12/18/17 05:13:10 PM
#22199   Saildone, Watched LODE all of these years, even if rich2 12/18/17 03:47:45 PM
#22198   Yes, I remember you as richmoneybuilder as well saildone 12/18/17 01:48:50 PM
#22197   I have been around for some time also rich2 12/16/17 11:59:17 PM
#22196   A little news from the lode, and itro harpe5368 12/15/17 03:17:47 PM
#22195   That tends to happen. Not sure why the Etailer 12/14/17 11:20:32 PM
#22194   Nah... it is oversold after the RS and NoMoDo 12/14/17 08:38:49 PM
#22193   Just a WAG: Insiders know of an offer Ace321 12/14/17 02:56:41 PM
#22192   Time to have your computer checked lol. Etailer 12/14/17 02:06:06 PM
#22191   +6% today?!? What the hell is going on, GaiusGracchus 12/14/17 01:29:08 PM
#22190   A CEO with a couple or three major saildone 12/13/17 09:10:10 PM
#22189   It's not his mine - he's just the masomenos 12/13/17 02:28:26 PM