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Re: Belgie24 post# 18986

Sunday, 01/06/2013 12:10:15 AM

Sunday, January 06, 2013 12:10:15 AM

Post# of 24311
Thanks Belgie. Been busy- family (3rd kid just arrived a month ago), work, community..... been keeping my head down and observing, trying to understand why the market is valuing this differently than I would, and why clearly positive developments aren't really reflected with corresponding share price increases.

I've concluded that it's likely that the market perceives risks that I don't- I don't know if they are founded or not, but since I spend a fair amount of time on the Comstock, I feel that I have a pretty good grasp on the situation on the ground.

And that being said, I don't perceive the risks that face this company as insurmountable- "deal-killers". I look at this company in relation to other junior miners, and see them exhibiting strength that is missing elsewhere. They are in production, they are in a mining-friendly jurisdiction, they are mitigating risks left and right (like removing vast swaths of their property from the Carson River Superfund designation through soil sampling)... what is left?

And if the first pour and production numbers around $2.4M per month in revenue don't push the price up, what will?

Do people believe that the local protesters actually have the ability to stop mining? Or that they represent the community at large? Neither of those are really the case, but maybe that is the perception.

Or maybe it's the visible nature of the project- being close to civilization, instead of being out in the middle of nowhere. Maybe investors believe that this will bring increased scrutiny... could be.

Anyway, company needs to keep their head down as well and just keep meeting or exceeding expectations, mitigating risk and moving the football. Lean on the BLM to clear up this silly road issue, which will help the bottom line and make the legal maneuverings moot. The BLM is sitting on it, and have been for months. It is totally inappropriate for them not to process the issue and make a decision- that kind of delay and failure to act is a great disservice to property owners in the area who have been thrown into limbo by seeming arbitrary confiscatory action by the BLM based on their faulty records.
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