Yes I believe that they are sandbagging. Do you think that they have the team that has been assembled ( especially Moelis ) for one mine and only 20,000 ounces / per year ?
They are already talking about a second mine. When the word "Bonanza on the Comstock" hits the investment community, then we are off to the races.
They are currently over qualified and undervalued for only 20 K ounces / year.
The Alaskan Gold rush show was pure comedy. They didn't get anything approaching 20k ounces, I think they mined around 10 (ten) oz and spent almost half a million dollars. This is $50k an oz and they lost a lot of money. Honestly a massive train-wreck. Did you even watch the show?
If Comstock mines 20k oz a year with low cash costs it will be very positive for this company. Instead of losing $45,000+ for every ounce they mine they will probably make at least $1000, a very different game.