Replies to post #14579 on Comstock Inc (LODE)

[Extreme4Reality]

Time for an analogy

If I asked you to estimate your net worth, you might list the following

1. Cash ($100,000)
2. Cash-like instruments (savings bonds, etc..) ($100,000)
3. Investments ($300,000)
4. Home value ($500,000)

Total = $1 million

Let's say that you estimated your home value on 2 appraisals completed just 4 months ago.

Now, let's say that MY standard for counting your net-worth requires that any home value included, must be the average of 3 appraisals completed in the past 30 days or less.

So we would have to exclude your home value in your total net worth, until you get those 3 new appraisals. Does this mean your house has no value? No, of course not. Does this mean that your $500,000 estimate of your home value is completely wrong? NO, of course not, it just means that you can't yet include your home value, until you get 3 new appraisals.

GSPG's 43-101, likely excludes much gold and silver that has already been found and reported, but it just doesn't meet a particular reporting category, and so it must be excluded for now, and THAT'S almost certainly why GSPG has been doing more infill drilling and why they said today, that the ounces from the infill drilling are NOT yet included in this report (but they are coming).

[thistime]

Thanks. As I have said in several posts in last few minutes,speculation on the differces will not get as anywhere. Lets get the new CEO clarify this. It is his duty to us shareholders.