Comstock Inc (LODE)

[Neodymium]

Article from Bob Moriarty's Gold Report.


http://www.theaureport.com/pub/na/14674

Small Blurb on LODE:


TGR: Would you consider Comstock Mining Inc. (LODE:NYSE.MKT) a zombie stock? It was beaten down and now seems to be coming back.

BM: When the Comstock Lode was active in the 19th century, it produced 8 Moz gold and 299 Moz silver. Because of the ratio of silver to gold, it was considered a silver district originally. Based on today's ratio of silver to gold it would be considered a gold district.

This stock has had some pretty high ranges. In 2010 it was $2.20/share, went up to $4.40/share and by May 2012 had drifted down to $1.60/share.

The company has seven miles of the Comstock Lode—a lot of gold and silver. Its success will depend on how good management is and how fast it can increase production. I was there for its first gold/silver pour not long ago. The company estimates production of 20,000 oz gold this year, which is not a lot, but Comstock will be producing a lot more in the future.

There is some local opposition to the mine, which seems crazy to me. The only decent paying jobs in Nevada are mining. Comstock will be increasing production, 99% of its drill holes are hitting ore-grade material and someday the fools in Nevada will start realizing that riches don't come from a government unemployment check.