Comstock Inc (LODE)

[Looking4BIGcash]

Not sure if you are a 'burned' Goldspring Investor, a Short, or a Long trying to accumulate but your synopsis is light on the positives and heavy on legacy issues.

1) Lucerne did produce for LODE and was recently sold to Tonogold for approx $25 Million. LODE current Market Cap is less than $10 Million and Debt is under $5 Million, soon to be paid out with the sale of over $10 Million to the Opportunity Fund

2) American Flat is a World Class Facility that keeps being leased to other companies as LODE sorted and added claims.

3) MCU AKA Mercury Clean Up is a well established process with Patents Pending. The goal here is not does it work but taking it from 90% Efficacy to 99.9% Efficacy and to see how large it can be scaled.

An LOI (Letter of Intent was just signed with an Major Asian Country (and American Trade Ally) that has ceased all mining until they can do so without people continuing to die from Mercury Exposure. Seems like they are motivated for our solution.

4) LODE has miles of Patented & Unpatented claims around former Bonanzas. When the MCU unit which is now at the American Flat location goes into production, it will clean our leeching pond and recover what is expected to be at least $6 Million dollars in lost precious minerals with many believing it to be in the multiples of that number.

5) MCU not only cleans and removes Mercury. The process recovers the precious minerals that the less efficient processing methods of the past left behind. What do all of LODE's Bonanza sites have in common? Mined decades ago leaving huge tailings and leeching pond(s)

Did 2019 sting? Hell yes! The incredible dilution almost got Corrado fired. He has pledged no more dilution and with over $600,000/month coming in from Tonogold until June 2020, the carrying costs of Lucerne now Tono's obligation, the Fund clearing the remaining debenture and leaving LODE with over $5 million in the bank, LODE maintaining a 9.5% ownership in the FUND (which is expected to grow itself up to a Billion Dollar Valuation (Look around the area, it's on fire. Not enough housing has a Homebuilding Bonanza happening right now! Elon Musk's Gigafactory
https://en.wikipedia.org/wiki/Gigafactory

has many of it's workers living at hotel casinos and in RVs while they wait for affordable housing. This is just one of many tech companies moving to the area from California.

There is a lot more to share but I think my point is made.
LODE today is mucher > not = to GoldSpring of the past.

Bellyaching doesn't do much other than miss the signals of a turnaround/opportunity.

And don't forget... LODE owns millions of preferred shares in Tonogold.