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I would like to, but I know what

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Current Report Filing (8-k) Edgar (US Regulatory) - 11/23/2020 6:04:28 AM
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Comstock Mining Schedules Geophysical Surveys of the Southern Comstock District Dayton Resource Area and Spring Valley Explor... GlobeNewswire Inc. - 8/26/2020 6:45:10 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/24/2020 5:07:11 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 8/24/2020 10:08:50 AM
Comstock Mining Announces Full Second Quarter 2020 Results; Increased Strategic Investment Values Drives Positive Net Income,... GlobeNewswire Inc. - 8/17/2020 6:45:10 AM
Comstock Mining Extinguishes Senior Secured Debenture Via Favorable Refinancing GlobeNewswire Inc. - 8/12/2020 6:45:10 AM
datfusion   Wednesday, 11/18/20 11:10:46 AM
Re: bistouriman post# 23160
Post # of 23172 
I would like to, but I know what the answer will be. I'm starting to get the impression that they really don't want to be a gold producer and I don't mean that sarcastically. My impression of the transcript I just read is that they are really hoping that MCU works and they would rather build an international business out of the MCU platform. They said they can be profitable before even extracting precious metals with MCU and if they can pull that off I guarantee you it will be the focus of their business.

Gold production is going to become an "on the side" project based on their plans. I feel certain the mine plan and exploration efforts will see frequent delays, that was a common theme on those efforts in the past (weather, permits, legal/technical issues, etc). I would wager LODE works on this mine plan slowly while focusing heavily on MCU as the priority.

Keep in mind that a mine plan is not the same as actually producing gold, there will be many more steps before that plan is implemented. I don't think we'll see an operating conventional mine for 5-7 years. The only way we see gold before then if they can extract it from the MCU output as they described.

And you know what, if MCU makes them a successful business then so be it, success is success. But that's my expectation now.

I'll forecast this too, if MCU is as big of a hit as they want it to be then they'll drop all mining efforts and sell the resource rich properties and just collect royalties. They'll do this so they can fund rapidly expanding MCU. The Tonogold situation is what the future of conventional mining on the Comstock Lode looks like, it won't be LODE doing it. Starting to wonder if LODE could have already considered such plans all along with the Tonogold relationship.

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