They gonna produce 24000 gold eq. ounces at very high cost. ( their grade is very crapy)
That's a bit over 1 million silver ounces eq.
They are about 3 times overvalued.
I'd rather buy producer with 300 grams per ton silver, than LODE the explorer with 0.2 grams per ton gold
A very high cost? 350-450 an oz is high? That leaves 900-1000 in profit per oz. What planet are you from?
Do you know what happens to the PPS of a company moving from explorer to producer? That's right it explodes upwards.
For those that think this is just a pump I'll be sure to post what our PPS is at weeks end for ya, see what % you missed out on.
Did you read the largest shareholder just converted his debt to equity? Do you think he did that in anticipation of the PPS going down?
This is the Comstock! This is history repeating itself!
The Comstock made the west rich. I didn't know Hearst made his fortune there. Have you seen the Hearst mansion? I was out west a few years ago and there was this little town, Leadville, that was fabulously wealthy in the early 1900's because of their silver mines! The gold is there in Comstock. The silver is there in Comstock. What's not to like? It's cheap now. Fine if it goes broke, fine if they make us all rich -- either way, I choose for it to do better than we all could possibly have imagined! So be it. Les
Be careful! This stock was trading at $2.50 last Monday and went up 22% during the week. The stock has peaked my curiosity but I will wait for it to retreat to lower levels before I take a position.
Newscentral, what's your take on the miners involved in the project? I used to live a lot closer to the mine and would make occasional visits. Always liked dropping by the Bucket of Blood for a cold one afterwards.
Just read the article. Reminds me of how excited I was three years ago when I was buying my shares! I love this company. I'm sure it will make me rich! Thanks again!! And you know I've posted many times that even though the focus is the gold, they have A LOT OF SILVER and I think they may end up making more money on the silver than the gold! Either way, it's all good! Les
I remember reading some of your posts back in the day yahles. I've been in LODE for a bit now myself and this article validates everything I've always thought about the area and lead investors.
I completly agree with you about the silver, in the end they could have 100m oz of Ag. I think we'll get bought out before ever finding that much but I truely believe it's there. This article has got me pumped in the Comstock again!
Oh and go SLW! Happy to own both!
In my mublest opinion, there are better places to put your money than on 5 guys, a video camera, a pick up truck and a lawyer. Buy SLW or HL and call it a night. You will make money and not wake up to that horendous news alert that you'vee lost all of your money overnight.