Agoracom: Small Cap Investment - Comstock Mining, Inc. - Re: LODE

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The Rebirth of the Comstock Lode

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Panamax

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Re: LODE - In Play

in response to

LODE - In Play

Panamax

posted on Jan 31, 2013 02:20PM

Do the math -

Suppose they produce 20,000 ounces of gold per annum. Suppose they get $1500/ounce in payment. That is $30,000,000 per year.

Expenses appear to be just over $15,000,000 per annum.

Sounds like a profitable mine to me with a EPS (fully diluted) north of $.05. And this is just the beginning.

- panamax

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