Comstock Mining Inc.

Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. Its near-term goals are to deliver stockholder value by validating qualified resources (Measured and Indicated) and reserves (Proven and Probable) of at least 3,250,000 oz Au eq from its first two resource areas, Lucerne and Dayton, to achieve initial commercial mining and processing operations in the Lucerne mine with annual production rates of approximately 40 Koz Au eq and to significantly grow the commercial development of its operations through coordinated, district-wide plans that are economically feasible and socially responsible.

Expert Comments:

Heiko Ihle, H.C. Wainwright & Co. (4/17/15)
"Comstock Mining Inc. produced 4,695 oz gold and 56,482 oz silver for a total of 5,470 oz gold equivalent. . .gold grades held steady at 0.039 oz/t while silver grades actually increased to 0.734 oz/t compared with 0.680 oz/t in Q4/14. . .we are reiterating our Buy rating."

Marco Rodriguez, Stonegate Capital Partners (4/16/15)
"Comstock Mining Inc. made some positive steps via its mine drilling program that continued to show progress, additional cost reductions and positive cash flow from operations. Consequently, we continue to look for the company to position itself for future growth driven by its strong resource base, expansion permits and improving operational efficiencies."

Marco Rodriguez, Stonegate Capital Partners (2/17/15)
"Comstock Mining Inc. holds a strong resource base, which is further strengthened by recently received expansion permits. Furthermore, the company continues to enhance its efficiency by boosting production and also lowering operational costs. Thus, Comstock is positioning itself for future growth driven by its strong resource base, expansion permits and improving operational efficiencies."

Heiko Ihle, H.C. Wainwright & Co. (1/30/15)
"For the year, Comstock Mining Inc. produced 19,601 oz gold and 222,416 oz silver compared with 2013 gold and silver production of 17,739 and 186,482 oz, respectively. . .we continue to believe the strip ratio may be brought down further during 2015 to a normalized level below 3:1. . .we continue to note the company's sizeable land package, which could be utilized for further production expansion."

"One company I follow is Comstock Mining Inc., with a price target $2.50 based on a price deck of $1,200/oz gold and $17.50/oz silver. Our target is based on 2,200 tons grading 0.29 g/t gold from the Lucerne mine in Nevada at an average recovery of 65%. That should amount to 41 Koz gold. Add in some silver and the total is roughly 45 Koz gold equivalent from Lucerne in 2015. There may be some production from Dayton late in the year but we haven't factored any Dayton production into our model. Dayton production should grow over the course of 2016 until it reaches full production, probably in 2017. All together that leads us to a NVP calculation of about $223M for the firm as a whole." read more >

H.C. Wainwright & Co. (11/20/14)
"We are maintaining our Buy recommendation on Comstock Mining Inc. . .we highlight the company's relatively large land package and continue to believe the firm may continue to expand its footprint throughout the area, ultimately increasing production."

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