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Comstock Mining Inc.

TICKER: LODE:NYSE.A

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Comstock Mining is a precious metal miner with extensive, contiguous property in Nevada's Comstock Lode District where it began acquiring properties in 2003. The company has since consolidated a significant portion, amassed the largest-known repository of historical and current geological data, secured permits, built infrastructure and brought the exploration project into test-mining production. Comstock plans to deliver stockholder value by validating M&I and 2P reserves of 3.25 Moz Au eq by 2013.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

The Gold Report Interview with Roger Wiegand (2/15/12) "We have two silver stories. One is Comstock Mining Inc., which is in the Comstock Lode silver region in Nevada. It has a wonderful story. . .its new manager knows what he's doing. The primary owner has spent a lot of money to get the company set up. This is a longer-view opportunity, not a short-term trade. . .now that it has the drilling permit, the company can expand within the property. It is in one of the most prolific mining areas in the history of the U.S., the legendary Comstock. The current owner of Comstock Mining bought up a lot of lawsuits, got everybody paid, took over the property, put the assembly together, then got a team and started drilling, and off we go." More >

Bob Moriarty, 321gold (12/5/11) "Comstock Mining Inc. is well cashed up with about $20M on hand and has just released an updated NI 43-101 showing 2.39 Moz gold and 20 Moz silver in resources. With 1/10th of an ounce of gold and almost an ounce of silver per share, this is one of the cheapest near-term production stories around."

Roger Wiegand, Trader Tracks (6/24/11) "This mining district is world famous. . .we read reports on minimum and maximum estimates—values of this mining camp's remaining deposits. It is mindboggling, to say the least. Comstock Mining's 5-year chart shows standard bull cup-and-handle formation from late 2008–2010. We like to see these patterns, especially when spread over a wider cycle of many years—the wider the cup formation, the larger the explosive upside in share prices based upon history and patterns.

Trader Tracks technical support and resistance pricing forecast for LODE is $4, $4.94, $5.53, $6 and $6.47. The next higher price resistance is $7. In our view, after more drilling and proving of this property, shares could rise much further. We cannot tell how high is high but we plan to follow the company with our regular alerts, newsletter information and provide new technical data as our projected prices are attained. Our communications will be regular and complete in following this fine property."

Jason Hamlin, Gold Stock Bull (5/24/11) "Comstock has returned some massively high-grade drill results from its recent drill program, including 121.99 g/t gold and 178.08 g/t silver over 5 ft., which was found within a 30-foot intercept averaging 43.05 g/t gold and 72.4 g/t silver. Significant mineralization was found in this East Side drill program, highlights of which included: Drill hole E11-24 returned 3.562 o/t gold (121.99 g/t), but the context of that 5 ft. assay is equally noteworthy—it is found in a 100 ft. (30.48m) intercept averaging 0.309 o/t gold (10.58 g/t) and 0.911 o/t silver (31.20 g/t), and immediately surrounding it is a 30 ft. (9.14m) intercept averaging 1.257 o/t gold (43.05 g/t)."

Equities & Economics Report (4/11/11) "Comstock Mining represents excellent exposure to a well-funded, advanced-stage development company with near-term production forecasts and excellent upside for the discovery of mineable ounces in the Dayton and Lucerne resource areas within the current program of over 125,000 feet of reverse circulation drilling. The company has strategically and substantially consolidated all of the Comstock and Silver City's most prominent mineralized trend and presents itself well with permitted production, ready infrastructure and a recent equity financing that fully funds the company's development plan for production, exploration and additional land acquisition."


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