Replies to post #20592 on Comstock Inc (LODE)

[the cork]

Yes, I'm aware of that. Nobody said last years production was stellar or that this year would be more:

"Production during 2016 is currently limited to processing of existing leach pad materials and limited stacking of new mineralized material during January and February of 2016. Considering the improved estimates of gold and silver recoveries, that is, 85% for gold and 57% for silver, the current leach cycle will continue well into the second quarter, likely through May 2016, or later....

Further;

"the full organizational focus to toward the discovery, development and establishment of reserves from Lucerne and Dayton, for future mining... "

I don't know what they WILL produce, but there's obviously not going to be an increase. Between improved recovery rates and what's on the pad they're gonna get something, but I don't know how much. Beyond that, they'll probably more or less track the price of metals.

[wshaw14]

One must keep in mind also that "processing of existing leach pad materials and limited stacking of new mineralized material during January and February of 2016" is very profitable. Very little cost involved. Also with the prices of PMs on the rise they may determine that the pit is again feasible. I am not saying it will happen, just a possibility.