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Comstock Mining, Inc. (LODE)

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Last Post: 5/18/2022 4:11:03 PM - Followers: 294 - 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
E-mail: info@comstockmining.com

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: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf
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: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf
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: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf
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: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf

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: http://www.comstockmining.com/news/press-releases?start=11#sthash.RoxD8nvC.dpuf
Table1 and Table2 near the bottom of the page in this link. http://www.comstockmining.com/news/press-releases?start=11







 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 321gold.com 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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#23911   It would be awesome if we had a maxbet 05/18/22 04:11:03 PM
#23910   When Comstock gets that Lithium Battery recycling plant oldrogue 05/18/22 02:51:54 PM
#23909   Interesting comments from the earnings transcript: Rock Hound 05/18/22 11:04:31 AM
#23906   Just found out LODE paid $18 mm plus steveruss 05/16/22 03:51:21 PM
#23905   I keep telling everyone, buying into Comstock is Sucker85 05/16/22 10:19:26 AM
#23904   were those old miners a lot better and saildone 05/16/22 03:26:29 AM
#23903   Thank you very much ! bistouriman 05/05/22 08:06:34 AM
#23901   https://www.tipranks.com/news/blurbs/analysts-offer-insights-on-materials-compan jobynimble 05/04/22 02:41:19 PM
#23900   Sad... would you have information bistouriman 05/04/22 10:55:42 AM
#23899   Notice the greatly increased admin costs. The stock Rock Hound 05/04/22 09:54:08 AM
#23898   I haven’t listened to the call yet… jobynimble 05/03/22 01:11:20 PM
#23897   Great Summary of Q1 2022 Results eduwhitesox 05/03/22 01:06:24 PM
#23896   https://www.globenewswire.com/en/news-release/2022/05/03/2434320/0/en/Comstock-Announces-First-Quart jobynimble 05/03/22 10:16:41 AM
#23895   Yesss... and just bistouriman 04/25/22 02:57:00 PM
#23894   Comstock Announces First Quarter 2022 Webcast jobynimble 04/25/22 09:29:03 AM
#23893   Proxy filing:https://www.sec.gov/Archives/edgar/data/1120970/000112097022000040/ jobynimble 04/15/22 06:04:24 PM
#23892   Comstock to Present at the NobleCon 18th Annual jobynimble 04/14/22 11:30:25 AM
#23891   Hemp was dropped a long time ago, that's datfusion 04/13/22 02:35:32 PM
#23890   Comstock Acquires Industrial Battery Storage Property jobynimble 04/13/22 12:33:43 PM
#23889   Meaning what? jobynimble 04/11/22 04:49:33 PM
#23888   I hate to bother any Comstock hemp and Rock Hound 04/11/22 04:08:55 PM
#23885   UNITED STATES jobynimble 04/05/22 07:33:13 PM
#23883   I think May 26th wil be bistouriman 04/02/22 01:56:37 PM
#23882   I agree ! bistouriman 04/02/22 08:39:24 AM
#23881   dont know what ur taking about. im taking 1hot toddy 04/01/22 12:04:25 PM
#23880   14K BUY @1.77 ANOTHER BIG BUY VERY UNDERVALUED $$$$$$$$$$$ 1hot toddy 04/01/22 12:00:13 PM
#23879   When do those options or warrants expire? Thanks Tiger Money 04/01/22 09:48:49 AM
#23878   25K BUY @1.83 this morning $$$$$$$$$$$$$$$$$$$$$ very undervalued 1hot toddy 04/01/22 09:28:10 AM
#23877   LLKKF, FCUUF Porterhouse10 03/31/22 06:44:06 PM
#23876   April 1st is tomorrow. You should have waited maxbet 03/31/22 01:07:16 PM
#23875   I told you all this would happen. Carrodo, Sucker85 03/29/22 12:51:32 AM
#23874   I expected the losses with all these investments mattys2000 03/28/22 10:03:37 PM
#23873   WERE SELLING FOR OUR SHARE HOLDER EQUITY $$$$$$$$$$$$$$$$$$ 1hot toddy 03/28/22 09:28:26 PM
#23872   What an absolute trainwreck due to KK and MasterBlastr 03/28/22 06:46:07 PM
#23871   Comstock Announces 2022 Annual Meeting jobynimble 03/24/22 09:14:41 AM
#23870   Comstock Announces Notice of 2021 Year End Webcast jobynimble 03/22/22 09:07:19 AM
#23869   Be careful they will suckered you in then Sucker85 03/19/22 01:48:06 PM
#23868   i posted your great find up as a 1hot toddy 03/15/22 11:14:54 AM
#23867   12,000 share buy $$$$$$$$$$$$$$$$$$$$$$$ 1hot toddy 03/15/22 11:12:34 AM
#23866   I could swear I bought into a mining Sucker85 03/11/22 09:46:32 AM
#23865   https://www.globenewswire.com/en/news-release/2022/03/10/2400692/0/en/Comstock-R jobynimble 03/10/22 11:00:14 AM
#23864   Registration statement withdrawn… jobynimble 03/04/22 09:37:47 AM
#23863   When a person or group of persons acquires saildone 02/21/22 06:10:29 PM
#23862   Oh yeah, reward the COO for letting KK MasterBlastr 01/25/22 05:53:40 AM
#23861   Don't let them suck you in, management is crooked. Sucker85 01/22/22 08:38:37 PM
#23860   I agree... come back for more bistouriman 01/14/22 04:43:27 AM
#23859   61,000 SHARE BUY @$1.59 $100,000 SHARE BUY $$$$ 1hot toddy 01/12/22 10:24:07 PM
#23858   I agree! The upside here on Linico mattys2000 01/12/22 09:50:25 AM
#23857   Yeahhh ... the last PR is bistouriman 01/12/22 05:20:33 AM
#23856   EMPLOYEES GET OTHER 1/2 OF BONUS WHEN SP 1hot toddy 01/07/22 05:14:46 PM
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