Comstock Inc (LODE)

[Darwind]

Yes. Sorry for the late reply. After the conference I went to go watch Boston slap us in the face. 8-1 ouch!. Needless to say I had to drown my sorrows last night. he he. Anyway,I did see the presentation and it was basically stuff we already know and mostly a general overview. Although there were some pictures of the machinery they have on order in there and that was new.

After the presentation I spoke personally with both DeGasperis and John Winfield for some time at the booth. John was very excited about his baby and is a very passionate character. I actually enjoyed talking with him very much. I was able to get a cost per OZ estimate estimate from him for you guys. I brought up Allied Nevada and Winfield thinks it's much lower than Allied because there process does not require the expensive chemicals and because they have such good ore near surface he is sticking to between $400-500 maybe even lower.

The opinions of Winfield and DeGasperis are that the local situation is most likely not going to be an issue. They said it's mostly just 6 people who are gunning for them. They made the point that have alot of support aswell. I mentioned Nevex mining in 1986 and how the local in the video claims the locals stopped the mining. Winfield said that was not true and that Nevex pulled out because they could not make a go of it with Gold at $300 per OZ. They appear to be positively optimistic and excited. But one never knows, they are not going to tout anything negative at a convention like this of course.

I also brought up the road issue for expanding the ultimate pit and Winfield said that he basically owns the road and there is also an alternate route to use in the meantime. So all in all I left with some more confidence but basically no massive new info for you guys.


That's it in a nut shell.

Cheers,

D


GO CANUCKS!!!