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September 23, 2012 / Jeb

Comstock Mining (LODE): Close to Producing Precious Metals and Generating Cash Flow

A few weeks ago, we highlighted Comstock Mining (LODE) as one company that should be bought before it begins producing as it may be rerated by the market shortly as it begins to generate positive cash flow.  In this difficult resource market, a small cap miner that is able to generate capital to fund further growth in the top mining jurisdiction is a real gem and attracts the large investment funds.

A company like Comstock Mining (LODE), which will be generating cash attracts attention from institutions who can only invest in miners with revenues.  It should be noted that some noteworthy funds hold and just acquired large positions in Comstock Mining such as Gabelli Funds and U.S. Global Investors as they anticipate revenues.

We believe Comstock’s positive cash flow coming from production will be able to help the company expand and explore the Comstock Lode, which is a world class, historic and prolific Bonanza grade district.

It is getting harder and more expensive to find gold and silver resources.  Comstock Mining has been able to expand their inferred resources at a cost of discovery at less than $4 an ounce.  That is truly remarkable in this current environment where miners are finding it very costly to add ounces to their resource base.

Read the full article and see interview with the CEO by clicking here…

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