Comstock Inc (LODE)

[Rock Hound]

Thanks again for your helpful comments.

I have just read the transcript of the conference call on earnings and plans, which (along with much other data in the report) answered both of my two questions. Depreciation, if memory serves, was roughly (very roughly) half of total operating costs and expenses. (The numbers in the report are more precise).

The CEO also discussed prior issuing of stock shares as a funding mechanism, possible depreciation, and what it was used for. He explained it way better than I can repeat, but basically:

1. Seventy one million shares out has increased to about 75 million and may rise to 80 million, as a liquidity safeguard against unexpected contingencies.
2. But he sees no need to use this tactic in the future, because of the cash infusion and future commitments from Tonogold.
3. It gets complicated, but Lode appears to have gotten value for value for their stock. If I understand it right, stock price would have to rise to 40 cents/share for the deal to fully kick in.

The more information comes out, the better all this seems. Except that Tonogold, if they keep their commitments, gets the known leads to the north.