67 WALL STREET, New York - April 15, 2013 - The Wall Street Transcript has just published its Metals and Mining Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Precious Metals, Global Iron Ore Production, Emerging Market Infrastructure Construction, Midcap and Small-Cap Consolidation Activity
Companies include: Comstock Mining, Inc. (LODE) and many more.
In the following excerpt from the Metals and Mining Report, the President, CEO and Director of Comstock Mining, Inc. (LODE) discusses company strategy and the outlook for this vital industry:
TWST: What do you see as the biggest risk to Comstock other than gold, silver prices going lower?
Mr. De Gasperis: I think at this point, it's just our execution. If you asked me the question a few years ago, I would have said permitting; if you asked me the question four years ago, I would have said community support, regulation and politics, but we have worked for and gained community, regulatory and political support. We have our permits, and we have our substantial resource in the ground, so really, for us, it's execution. Even though we are very, very excited about the potential future of growing ounces, doubling, tripling, quadrupling, etc., our ounces, right now we're not doing that, we are focused on stabilizing production, stabilizing cash flow and production growth, and staying focused on the execution that's right in front of us.
TWST: What are the key metrics or milestones that investors should focus on, what should matter to the investor, what matters to you?
Mr. De Gasperis: The most important thing is the speed at which we generate cash. We call that "throughput," and we monitor it every day. We are only in the sixth month of ramping up production, so that hasn't stabilized yet, and that's in line with our plan, but we're on the brink of it stabilizing, and we expect to have stable and transparent understanding of our throughput, which again, is the speed that we generate cash from our system. So that's number one, and we have said specifically we are targeting operations producing at a rate of 400 ounces per week or 20,000 gold equivalent ounces per year.
The second objective is...
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