Comstock Inc (LODE)

[joeblow110percent]

LODE is Bankrupt

Comstock Mining (LODE) is in debt at almost 200% of their total worth. Management is arranging for additional financing, MORE DEBT! Management is also spreading rumors of a “Joint Venture” and selling LODE stock into the strength of those rumors. LODE is producing NON-Economic resources at a loss that is in the 6-million-dollar range. LODE has no identified RESERVES. NO Plan or Prefeasibility Study in place showing how they will mine Reserves AT A PROFIT. LODE management has valued the stock price per share at about five cents.

Talk about real estate deals and highways is insignificant. This is a mining company that is going in debt, and producing at a multimillion dollar loss. They have NO RESERVES to mine. NO ASSETS that are minable AT A PROFIT! Comstock Mining is basically bankrupt. They have nothing to offer to any real JV partner. Any negotiating would likely look more like a fire sale than a JV partnership. Any fund buying at this point is gambling. Any fund buying is likely trying to average down their position “Hoping” to make up for the huge losses they have taken in the last few years.
I estimate the PPS fair market value at LODE at about 1.8 cents!

DO THE MATH!

LOOK AT THE NUMBERS!

GAMBLING for a recovery!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133822827

LODE 10-Q Filings - 5 CENT VALUATION! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133638327

No Gold, No Silver, No JV!!! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133613520

LODE has NO RESERVES!!! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133102602