Comstock Inc (LODE)

[silverlake]

I think THM was a suitor coming to call on Goldspring. Pontius sat on the board long enough to see the big picture.

Either he couldn't meet their price / terms or it was too big a project given THM's recent drill program in Alaska.

I don't think it was a mistake, by either party, that he sat on the board. I'm not buying the story that Pontius was too busy -- he wouldn't have gotten involved in the first place. It's not like he's a newbie to the industry...

In his exit letter, didn't he refer to GSPG's project in some kind of superlative such as "massive?" Subtext: Go ahead, go it alone...

With resources becoming harder and harder to find, not to mention the expense of proving a resource; Goldspring is a good buyout / jv candidate.

I think the people behind Goldspring know this fact, know the history of their lands (Bonanza proven) and want top dollar -- otherwise, they're taking the necessary steps to take this mine to the next level and begin production themselves.