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Re: phx85 post# 22626

Tuesday, 02/05/2019 10:54:34 AM

Tuesday, February 05, 2019 10:54:34 AM

Post# of 24287
Thanks for publishing these 2018 year end results here, phx85. The complete press release has even more detail on 2018 results, most of it highly positive for the future. Worth reading if one wants to look it up, but a bit lengthy to post here.

I do have questions about two things I read on the complete press release, and would appreciate if anyone has more detail or explanation on these two items.

1. Is it my imagination, or are annual expenses of $7.6 million a bit high for a small company with no current production?

2. In 2018, according to the press release, the company issued about 3.2 million shares of LODE stock to buy the assets (including mineral rights) of the Sutro Tunnel Company (sp?). I do not remember reading about this anywhere before now. Value for value, I assume, but whenever a company issues millions of shares of stock, isn't it better for it to be well publicized? Comments?

Perhaps these are quibbles. Certainly the overwhelming news coming from Comstock seems highly positive and their management to be congratulated.
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