Comstock Inc (LODE)

[cpmill]

On the high grade stuff, the silver pays for it, but on average, the silver will only cover part of the cost. Remember that their silver recovery on the heap isn't wonderful- could only be 50%, or even less. Average silver grade for measured and indicated is about 1/3 opt.... clearly it will be higher for the ore they cherry pick up front, but 1/3 at $45/oz at 50% recovery only gives you $7.50 per ton.