RE: RE: Other investments For Comstock on the plus side they are on the NYSE, in safe jurisdiction, have well over a million oz resources, and have poured their first dore. The grade of the Lucerne area they are mining is around 1 g/t gold which i think is on the low side, so i'm not too optimistic about their cash cost. We've seen how cash cost can be higher than expected. They would need to have a low strip ratio, a low amount of waste to ore ratio, i didn't see stats for that ratio. Resources not equal to reserves, it remains to be seen how much economically mineable reserves there are. It would be good if they have a low strip ratio. Yahoo key statistics says 5 million cash most recent quarter. That is on the low side, they could need more financing before first year of production. On their website Financial Snapshot, it says they had a 200:1 reverse stock split. That little piece of history scares me lol. Is an indication of how well they manage dilution.
Their initial production is expected to be 20k oz in the first year. Compared to MTO expected to be 60k oz per year. Comstock market cap 126M, MTO market cap 54M. IMO MTO is a better value, they have more room to double. But being on the NYSE gives Comstock more public exposure and a higher premium. I expect MTO will get exposure from Sandstorm news releases. I didn't see where they mentioned 200k oz per year, 2016 is a long wait in this day and age of short term traders.