GoldSpectator-
Forgive the skepticism of some of the posters here- this company has often been subject to attacks by those masquerading as objective observers who actually had some sort of axe to grind. So it's hard to take anyone seriously who comes out over-negative on the company without much context or history.
I'm surprised at how negative your outlook on the area and the company... I spend about half my time on the Comstock, and I get a very different read. While you are welcome to draw whatever conclusions you want to guide your investment decisions, I question the extent of your negativity.
I Do have the privilege of watching Mr. De Gasperis speak in public on a regular basis. I frankly don't have any idea what you are talking about. In my view, he has always shown incredible patience and is always forthright and straightforward, often in the face of rude and accusatory confrontation by opponents.
Your take on the BLM issue is really off in my opinion. As TMLonggun stated, this is not an issue of CMI not following federal law- first and foremost they never hauled ore across "federal land", with or without permission. The BLM issue arose prior to them starting to haul ore, and they have been more than conciliatory and have bent over backwards to comply with whatever is asked of them.
Lot 51 is private land, and chain of title can be shown back to the late 1860's. The BLM has an incorrect map in regards to what lots are privately owned, and which lots are public land. An activist functionary who is in the pocket of the CRA way over-stepped his bounds by kicking CMI off a parcel of land that they own and depriving them of quiet enjoyment of their own property while they verify if CMI actually owns the land.
In the process, they have taken a position that harms economic stability and property rights of an entire community, According to the BLM's faulty map, nearly half of the townsite lots in Gold Hill are not privately owned... including some lots that were created from the original Comstock patents. Clearly, there are issues with the BLM map, and the fact that they have chosen to selectively enforce the law against just CMI (instead of kicking everyone who is living or using "public" lots in Gold Hill off their land) is a joke. For example, at least part of the lot that David Toll and Robbin Cobbey (two leaders of the CRA) live on and have constructed a driveway across is public land, according to the BLM. So where is equal treatment under the law?
CMI provided everything requested by the BLM within weeks of the BLM giving notice that they disagree about ownership- that was over the summer. We are near the end of the given time frame, not at the beginning of the 6 months claimed. That being said, I'm not holding my breath that the feds will process this issue in a timely fashion- call me a doubting Thomas, but the track record is a bit spotty.
I find your accusations of dishonesty from the company disturbing- it causes me to question your motives. CMI issues PRs and filings for material events, and provides substantial additional information not required. Would you care to clarify your allegation, and what evidence you see that have led you to that conclusion?
I'm not thrilled about the share price- I just don't share your assessment of the company's role in it's current level.
AI
