+ Watch LODE
on My Watchlist
gold miner crain
Smart Management. Revenue goes directly to bottom line. Quadrupling revenue in 2014. Very storied mines. Take profits at $7
Assays and production have been promising and I think they've finally found the right CEO in Corrado DeGasperis.
starfirenv picked this. Still not sure what he was smoking
Comstock Mining Inc is a junior mining explorer that spent nearly a decade consolidating 6,315 acres of contiguous mining claims on the historical Comstock district, CMI is well funded and about to become Nevada newest gold and silver mining company. CMI is fully permitted for production as well as for further exploration and drilling activity. The company restructured in 2010 exchanging its debt for convertible preferred shares and raising over 30 million dollars for accelerated development and production while continuing to acquire properties and claims. In February of this year, CMI raised another 15 million dollars by issuing common stock at $1.90 pps to allow exploration and development to continue in new areas and at greater depths in successfully explored territory. This company has developed a geological model of the District that has resulted in drilling results that have validated over three million gold equivalent ounces and indicated that significant mineralization extends into areas both at greater depths in explored areas and further into the relatively unexplored Spring Valley.
Will start producing Gold in June 2012
Since I own it. (Got a tip, Bad Idea)This gets the owned checkmark.I'm curious what do the Fools think about this stock. Punp N' Dump or legit.Bought at .007 cents before the reverse split.
This firm is sitting on a lot of gold and silver--the question is whether it has the capacity to extract it.
Comstock quietly acquired most of the original bonanza rich land of the famous Comstock Lode. They have been exploring by drilling and have been reporting to the SEC increased gold equivalent ounces each time they issue a 43-101 report. Behr-Dolbear has done the 43-101 work. LODE recently exchanged debt and 35 million for preferred shares. They are debt free and poised to begin production next year.
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