Comstock Mining (LODE) – Building Blocks for Increasing Shareowner Value

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Friday, January 08, 2021

Comstock Mining (LODE)
Building Blocks for Increasing Shareowner Value

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.

    Setting key performance objectives. Comstock’s leadership has set unambiguous three-year performance objectives, including: 1) commercializing its global mercury remediation and gold extraction business, 2) establishing and growing the value of its mineral resources which includes a maiden resource estimate for the Dayton Resource, advancing the Dayton-Spring Valley Complex toward an economic feasibility study, growing its royalty portfolio, and 3) monetizing non-strategic assets.

    Management compensation aligned with meeting objectives.  In January 2021, Comstock Mining granted 1,260,000 performance share units to key employees of the company. Vesting of the awards is 100% conditioned upon achievement of three-year (2021-2023) performance objectives for 50% of the award with the remainder tied to delivering $500 million in shareholder equity value, or at least $12 per share …



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. 

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