Replies to post #20603 on Comstock Inc (LODE)

[resourceinvest]

If it's this years cash that you are focusing on then you need to include debt repayments of around $6 million plus around $1 million payable this year (and every year) to Mr Winfield re his new royalty arrangement, payables if around $4 million, exploration costs etc. Even with lower corporate overheads ($4 million per year according to the last quarterly) how can cash flow be looking good when revenue is likely to be around $4-5 million only? Doesn't look good at all. Clearly there will have to be yet another dilutive raising very soon to stay alive.

[jrlinnovations1]

If gold goes to $1300 the company profits.

My previous post detailed the company would bring in around $5 million in revenue from gold and silver sales. They projected $4-5 million in costs for the year. Do the math. They can profit or come close to even.

Keep in mind they only recently switched to underground Mining which takes time to transition.