Movers and SHAKERS
Comstock Mining (LODE)
Mercury Remediation Pilot Program Commences at American Flat
Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Mercury remediation pilot project. With the approval of the Nevada Division of Environmental Protection, Comstock Mining, its subsidiary Comstock Processing, and Mercury Clean Up LLC (MCU), of which LODE owns an interest, started a pilot program targeting mercury contaminated waste dumps located at the historic American Flat site in the Comstock District in Nevada. The unit has the capacity to process up to 25 tonnes per hour but will start at 2 to 6 tonnes per hour and ramp up over time. The goal is to prove that with each step up in scale, the unit is effectively remediating mercury and recovering gold. Over time, the companies seek to commercialize the technology which we believe represents significant value creation potential.
Second unit shipped to MCU Philippines. A second unit has been shipped to MCU Philippines Inc. (MCU-P), a 50-50 joint venture between LODE and MCU. MCU-P and Clean Ore Solutions have joint ventured to establish Clean Mineral Recovery Technologies for the remediation and rehabilitation of the mercury contaminated Naboc River in the Philippines ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.