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When it comes to the Comstock, they've got our back.
That is the way I see it as well.
Tonogold has the potential to really bring the Comstock back to life as a mining area. The CEO and COO shakeup indicates that Tonogold is accelerating the mining plan by changing the focus to near surface prospects. I'm not sure how long it will be before actual mining takes place but I suspect that even with the drill campaign focus changing, they will be mining by the end of the year.
I've seen this video before, but I had it running while working on other projects. It is lengthy and I will watch it again, there are so many takeaways that I can't list them all. Or even recall all of the key takeaways. One that stands out to me is the capacity of the Processing Plant. It could easily handle Tonogold's output and still deal with the Dayton's output. If and when they get going on that mine. Still some years out I suspect.
Thanks Deri
News is finally out and it is not what I anticipated. Another message board poster brought this to my attention: shakeup at Tngl
Wow! Just wow!
There is a lot of background to think about when reading this report. More than I want to get into right now.
But Wow!
Thanks for bringing this to the message boards attention.
I'm sure curious about the deal. Maybe not waiting as patiently as you
Was browsing through Gregory Crouch's blog on his website (he wrote The Bonanza King, a bio of Mackay which told the story of earlier days on the Comstock) It is an interesting blog.
I cam across this drawing of how the 49ers got to California and thought it would amuse the board:
Modes of travel
I particularly got a kick out of the rocket.
Eggzackly, R2.
Mexus has built its processing plant and is at work mining. Not yet time to surrender my shares.
I didn't take your reply as being sarcastic but I realized that my perspective about Tonogold was informed from your earlier posts. In fact, I have also made some small buys in their stock.
I agree about the shorts.
I understand your frustration, but don't forget the Advisory board they just formed. Advisory board
There are things that go on behind the scenes, that are not PR'd until the news is firm. Primary focus of the Advisory Board will be to promote and accelerate the operational development of the Rock Kleen Process and the Itronics Cleantech Materials Campus (ICMC).
I am pretty confident that the gears are turning.
Rock,
I know that my post was in response to your post and would seem to be solely addressed to you.
It was not. Simply because I recognize that you have been posting here for a long time and are well aware of most of what I had to say.
Sometimes when I read through the board after being away for a few days. Many thoughts are triggered and they come out in a flood.
I responded to the thought that was triggered by your talking about market cap and so picked you to reply to but I was really saying most of it in response to various posts and would better have made it a new post instead of a reply either to you or to any single poster.
I do know that you are well aware of the various areas that Lode is moving in.
In the future, I will try and remember to post these sort of things as new messages rather than as a reply singling out one individual.
Itronics neighbor to the south, Comstock mining which permitted Itronics to test and develop what has become RockKleen also permitted Cycladex to test out and prove its clean leaching technology. Cycladex just announced a partnership with Cyanco the premier cyanide provider to the mine companies. This gives Cycladex a broad client list to present their tech.
Perhaps Itronics is working on a similar partnership?
In my view, this market cap is a fiction. Not that it isn't the actual cap at the moment but rather that it doesn't reflect the existing or soon to be existing revenue.
Both the battery stream and the Mercury Clean Up stream are significant but let's not forget what is going on in the Northern area of the Comstock, or in the Dayton.
Tonogold has been quietly spending a great deal of money exploring and thus proving what was left behind by the old-timers. Numbers that were not profitable for the technology of the time are worthwhile with today's tech and Tonogold is mapping it out. The history of Tonogold getting started with the Lucerne underground and then changing their focus, and their investment, to include the entire northern area tells us a lot about the prospects there.
And the lessons learned, by lode, from the first foray into mining has informed the process going forward with the Dayton and will inform the process going into Spring Valley and southward.
Then there is LODE's ownership percentage in Cycladex (roughly 9%) which is already mining in Ariizona and has contracts in both Mexico and Latin America. Just last month they announced a partnership with Cyanco which is presently established as a provider of cyanide solutions for mines. This is huge! Cyanco already has a client network and provides an "IN" for Cycladex to reach them with their new and safer tech.
Lode also owns a percentage in the Silver Springs industrial realty conglomerate and in addition will receive around ten million dollars for its industrial/commercial holding there. This conglomerate includes the airport which is moving forward with expansion plans.
So while both the mercury and battery segments of the company are in the limelight; there are other things developing that will produce revenue and increased value for the company.
Here are some links to interesting sites or PR's:
Cycladex
Cyanco
Cyanco - Cycladex Partnership
Silver Springs Airport
That (The quote you cited) really caught my attention! I could speculate what this "transaction" expected to close this quarter will be, but I was caught completely by surprise with the Linico transaction, So I will just wait and see.
Not off-hand, although my first instinct is to say NDEP. I will dig in to it unless PHX sees your question first. She probably does know.
Yep it is NDEP:
NDEP - CRMS
The first link has a glitch, here it is again:
Office of Surface Mining Reclamation
and Enforcement
https://www.doi.gov/sites/doi.gov/files/uploads/fy2021-bib-bh031.pdf
What the???
The bureau of Reclamation has posted their budget for 2021. I will put the link below.
But here are some lowlights from it.
Regulation and Technology -24,666
Environmental Protection -22,243
State and Tribal Funding -25,487
Regulatory Grant Funding -25,487
Yes that is a minus symbol, the Biden admin is reducing Expenditures in these areas and others that might be relevant. I haven't read through the entire document.
Maybe someone can dig up some good news in it:
https://www.doi.gov/sites/doi.gov/files/uploads/fy2021-bib-bh031.pdf" rel="nofollow" target="_blank" >https://www.doi.gov/sites/doi.gov/files/uploads/fy2021-bib-bh031.pdf[tag]Office of Surface Mining Reclamation
and Enforcement[/tag]
here is another link for those of you with number crunching talents:
COMPARISON OF 2019, 2020, AND 2021 BUDGET AUTHORITY
Itro and Lode better get on it. . . both companies have added people for taking the respective companies forward with this budget.
The budget has 16 billion set aside for orphaned mines and oil wells
Encouraging but the focus of the article is on oil wells and coal mines.
Itronics forms an advisory board:
Advisory board
Leonard Harris;
Mining Hall Of Fame
I don't know what the new low is going to be. Used to be that I could set aside money for buying ITRO and pull the trigger near fifty cents. Then I settled for sixty five cents. Now I don't know where to buy in but it seems like the new low is going to be somewhat under a $1.20.
Still setting money aside for itro and watching until I get a sense of the timing. $1.40 seems reasonable. The bargain basement prices I was used to are gone forever and the reality is that the current prices are bargains. Anything under two bucks is going to be the good old days after the mining companies see RockKleen proved out and make contracts or licensing agreements with Itronics.
I really don't know why the market moves when there is no news.
Taxes or bills make some folks sell who would have preferred to hold a little longer.
I know that some orders I have placed were partially filled over the course of the day, so I think some of the little fills were part of a larger order.
Day traders closing out at the end of the week sounds like a reasonable explanation to me.
But I don't know why market sentiment does what it does.
Their "gold" properties are not worth a damn thing to anyone.
They are worth more than a "damn thing" to me, to the longs who are still invested and to PT. I, for one, am still patiently waiting.
I've mostly made buys in the half dollar to sixty five cent range, holding off on buying more when it was over sixty five cents. But like you I don't believe it is ever going below a dollar. And also like you, I have confidence that even with the current price range it is a true bargain. So when I have set aside enough to buy at least a thousand shares; I'll make the best price at that time and buy some more.
Harpe, Good points. that is why I emailed the company and asked about their future plans for Itro and whether they and/or Tonogold were planning to use Cycladex for fresh ore leaching. I haven't heard back yet, will let you know if I do.
Oops, the preceding post was intended to be in response to Harpe. I guess that since I had first responded to you, Rock, I was still in the response to you mode when I wrote it.
Harpe, after looking again at the Cycladex site, I noted that they present their process as usable for tailings; Improved process economics may allow formerly uneconomic deposits (tailings and refractory ores) to be brought into production. I was focused on their scaling up for large scale mining operations with fresh ore.
Now, I don't know if there is going to be a competition between Itronics and Cycladex for dealing with the cyanide. It is a question of which makes the most sense from a ROI perspective. Guess I will be emailing the investor relations page on the comstock website.
Volume better than a quarter of a millions shares and a share price over $2.00 is really encouraging.
Dr. Whitney is first and foremost a scientist with an engineering orientation, and an inventors mindset. He does the thinking and rethinking in advance of making any moves.
Itronics has a bright future.
I hope they and Comstock are still interested in each other, for a joint project would seem a good fit. I emailed the company and among the questions I asked was about Itronics. Corrado, himself, said that Itro was on the back burner but still planned to work with them when time is available.
The development of MCU followed by Linico where on the front burners. Dayton may be next with possibly mining using Cycladex for the leaching process. The cyanide abatement will probably remain on the backburner until after the demo plant at the Itronics facility is up and running.
Rock, they are building a demo at the new industrial facility they purchased near Sparks.
Thank you, PHX. It is good to see you back and posting.
Lode looks like it has much better management.
Well, I have been waiting for it to become something since it was a penny stock under the moniker of Goldspring mining (GSPG). In that time it has undergone two reverse splits, one for 200 to 1 and a later split for 20 to 1.
So which company is the better management could be debated, even though in recent years the Comstock management have got their feet under them and have real traction going forward.
Itronics has taken the slow and steady approach, always having a positive revenue and developing their projects without serious share dilution. The most recent PR about RockKleen demonstrates their careful approach. Deri tends to post the articles as they come out.
It would be nice to know who bought ITRO on that last pop. I assume they must have heard something.
Total daily volume is less than 7,000 so that last pop couldn't have been a huge buy from some major player. It was probably a bread and butter investor like me. Grabbing some shares while the getting is good. there are a few of us posting on this board who keep adding share as we are able to put something aside but are not major investors.
I was asked on another board which of several Green Tech companies I would choose if I could only invest in one. That caused me to consider Comstock Mining and the reasons I am still hanging in here. This was my response;
Cycladex is still a privately held company so investing in it on the open market is a nonstarter. But Comstock has slightly more than a 9% share in it, so investing in Comstock will get you a share in Cycladex.
For the same reason, (having a share in the company) investing in Comstock will get you involved in Tonogold Resources Inc. which has been heavily investing in the northern Comstock, paying millions into Comstock's coffers and more millions conducting a drill program. Expect a 43-101 sometime in the next couple of quarters followed by rapid growth in the share price.
Again, Comstock is heavily involved with Oro Gold in Mercury Clean Up (MCU) a joint venture which is already active both on the Comstock, where they are conducting R & D, and are operating in the Davao region of the Philippines where they are sucessfully cleaning up the Mercury pollution.
And again Comstock has a passive investment in Sierra Springs Opportunity Fund Inc. and its 100% owned qualified opportunity zone business named Sierra Springs Enterprises Inc. which is positioned to grow and take advantage of the expanding real estate market resulting from the opening of the Tahoe Reno Industrial Center (TRIC) and the completion of a superhighway connecting I-80 and US 50.
Most recently they have become the majority partner in LINICO Corporation (“LiNiCo”), a lithium-ion battery (“LIB”) recycling company which produces raw materials for making electric car batteries. And is positioned to become a supplier to TESLA auto.
So for those reasons and a few more, most notably the Dayton I am expecting CMI to grow into a major player soon.
I enjoyed reminding myself why I like CMI and decided to share it here.
Invest in only one?!?
Cycladex is still a privately held company so investing in it on the open market is a nonstarter. But Comstock has slightly more than a 9% share in it, so investing in Comstock will get you a share in Cycladex.
For the same reason, (having a share in the company) investing in Comstock will get you involved in Tonogold Resources Inc. which has been heavily investing in the northern Comstock, paying millions into Comstock's coffers and more millions conducting a drill program. Expect a 43-101 sometime in the next couple of quarters followed by rapid growth in the share price.
Again, Comstock is heavily involved with Oro Gold in Mercury Clean Up (MCU) a joint venture which is already active both on the Comstock, where they are conducting R & D, and are operating in the Davao region of the Philippines where they are sucessfully cleaning up the Mercury pollution.
And again Comstock has a passive investment in Sierra Springs Opportunity Fund Inc. and its 100% owned qualified opportunity zone business named Sierra Springs Enterprises Inc. which is positioned to grow and take advantage of the expanding real estate market resulting from the opening of the Tahoe Reno Industrial Center (TRIC) and the completion of a superhighway connecting I-80 and US 50.
Most recently they have become the majority partner in LINICO Corporation (“LiNiCo”), a lithium-ion battery (“LIB”) recycling company which produces raw materials for making electric car batteries. And is positioned to become a supplier to TESLA auto.
So for those reasons and a few more I am expecting CMI to grow into a major player soon.
It was through Comstock that I learned of Itronics and was excited enough by what I learned to invest here. So I am not downplaying Itronics potential but you asked for me to select just one and I think Comstock is the closest to becoming a major industrial company. That doesn't lessen my enthusiasm for Itronics which also has a lot of potential and doesn't have a large number of issued and outstanding shares.
Three companies to keep an eye on:
Itronics with a method of cleaning cyanide tainted leach pads.
Comstock's Mercury Clean Up of old mercury tainted leach pads.
Cycledex with a method of leaching fresh ore with no polluting of the leach pads.
All three represent the future of green technology in mining.
Last November Itronics brought on board a man named Declan Costelloe to develop and manage strategic relationships in the financial community to improve Itronics ability to obtain financing and expand financial market exposure. Expect to hear more in the coming quarters.
This is such a quiet company, and therefore a quiet board. When they do release the results of their explorations along with a mine plan; this board will get very busy.
From what I have gleaned Itronics is holding RockKleen as a proprietary process rather than a patented process.
Itronics refers to RockKleen as a tailings cleaner;
Rock Kleen is a new addition to the Itronics Cleantech Materials Portfolio and was developed to turn tailings into valuable assets, instead of long-term liabilities; that is, the ability to make a profit while simultaneously cleaning the environment. When Rock Kleen is implemented it utilizes the whole resource, so nothing is wasted; in many cases 100 percent beneficial use is realized. RockKleen goes even further and neutralizes 100 percent of any residual cyanide, or sulfuric acid, used in original mining, thereby rendering tailings clean, just as nature intended.
But it does claim to be ready to be used in new mining; Rock Kleen processes tailings, plugs into existing projects, and can be used in new mining. Whether it is usable as a stand alone process in new mining is a question that Harpe and I discussed a while back. It seems to require cyanide as part of the new leach cycle.
Whether the industry will accept it or not is dependent on whether Itronics can prove the benefit. Getting the cyanide headache eliminated while still recovering residual precious metals would seem to be a no brainer.
Predicting revenues three years out is mere guess work unless and until RockKleen develops a track record of revenue and growth in revenue.
I've updated the intro box with links to a final PDF for RockKleen and a recent business profile PDF
Well finally! Thanks Deri.
This is a major step for Rock Kleen to open the door to full scale commercial use.
Comstock with its mercury clean up and Cycladex with a clean leaching process are being joined by Itronics. These three processes are going to revolutionize the mining industry, each addressing and solving an ongoing problem without stepping on each others toes.
The potential for RockKleen to be adapted to the various mine tailings makes it extremely flexible, Itronics will need to increase their professional workforce to really take advantage of future needs. Might soon be time to develop an intern program with the School of Mines colleges.
Volume was about 1500, hard to pick up shares when they are being held with that tight grip :)
I see that someone called Tabbycat added to the Moderator list. Maybe that new mod will make some changes to the Intro.
I really don't have time right now but if it still needs updating and changing in a few, I may be able to take it on. It surely needs some updating.
I've been practicing on another board, learning how to edit.
I private messaged you about it, recently.
I would be open to suggestions, from you or others.