Comstock Inc (LODE)

[resourceinvest]

If I may provide some input to your question. Unfortunately the gold price has, and will continue to have little impact on the PPS (either up or down) because they have ceased mining and are merely recovering the remaining gold on the leach pad (very small though). They have high payables/loans (around $23 million) and with little cash and minimal production, the company finds itself in a very precarious position. Again with no cash there can not be any exploration to talk of so don't expect any exploration news in the medium term. The PQ assays looked good but it's very small and highly unlikely to be able to sustain the costs and commitments required to recommence production. To answer your specific question about what could occur that would create a positive price increase. I think little - maybe only a takeover but I can't see that being a realistic situation. Their current market cap of $50-60 million with the background of their liabilities and little action, I believe that there is far greater risk of the price continuing to fall over the calling months and wouldn't be surprised to see sub 20 cps. Please accept this with the proviso of it being made on the basis of "IMHO".