Comstock Inc (LODE)

[cpmill]

I could be wrong, but I don't think that these are being sold as "bullion" investments. I think that it is being sold as a rarity, and an opportunity that likely won't ever come around again.

Are any of you aware of another company that sells or has sold dore from their production direct to the public?

Further, my understanding of the refining process is that most refiners don't keep dore segregated based on it's source, and that it all gets mixed up together in the refining process. In other words, if CMI were sending this stuff to a refiner, even if they got back gold and silver to make coins or bars, it would be almost impossible to certify that it came from the Comstock.

So it has some intrinsic value (in the metals), but also some historical and collecting value (because nobody else is selling Comstock gold and silver, and they will only ever have one "first pour").

Even the Marshall Mint in VC, who has minted Comstock-themed medallions, does not claim that their gold and silver originated on the Comstock.

I think the question is this: will people place value on the provenance of the metal, the limited quantity and the uniqueness of owning actual dore that came directly from the Comstock? Time will tell, but I'm probably going to buy one, just because it is so unique. Plus, if gold and silver prices continue to rise (as I'm convinced they will over the next several years), the metal value alone will at some point eclipse the sales price. But that's not why I would be buying it.