Comstock Inc. (LODE) Bundle
A Brief History of Comstock Inc. (LODE)
Company Overview
Comstock Inc. (LODE) is a mineral exploration and development company focused on precious metal mining operations in Nevada.
Financial Performance
| Financial Metric | Value (as of Q4 2023) |
|---|---|
| Market Capitalization | $12.3 million |
| Stock Price | $0.28 per share |
| Annual Revenue | $1.2 million |
| Net Loss | $4.5 million |
Mining Properties
- Dayton Project in Nevada
- Lucerne Project in California
- Total land position of approximately 5,600 acres
Recent Corporate Activities
Key operational highlights include continued exploration and development of mineral properties in Nevada.
Stock Exchange Listing
Traded on OTCQB Venture Market under ticker symbol LODE
Mineral Resources
| Mineral Type | Estimated Reserves |
|---|---|
| Gold | 12,500 ounces |
| Silver | 385,000 ounces |
A Who Owns Comstock Inc. (LODE)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Renaissance Technologies LLC | 1,198,000 | 4.23% |
| Vanguard Group Inc | 862,415 | 3.05% |
| BlackRock Inc. | 723,654 | 2.56% |
Top Insider Ownership
- Corrado DeGasperis - Executive Chairman: 500,000 shares
- Jaime Lomeli - CEO: 250,000 shares
- Mark Shaffer - CFO: 75,000 shares
Ownership Structure
Public Float: 28,250,000 shares
Total Outstanding Shares: 35,600,000 shares
Institutional Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 52.4% |
| Retail Investors | 34.6% |
| Insiders | 13% |
Comstock Inc. (LODE) Mission Statement
Company Overview
Comstock Inc. (LODE) is a mineral exploration and development company focused on precious metal mining operations in Nevada.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Market Capitalization | $14.2 million |
| Annual Revenue | $3.6 million |
| Net Income | -$2.1 million |
Strategic Focus Areas
- Gold and silver exploration in Nevada
- Sustainable mining practices
- Technology-driven mineral extraction
Key Mining Properties
| Property | Location | Estimated Resources |
|---|---|---|
| Comstock Mine | Nevada | 125,000 oz gold equivalent |
| Virginia City Project | Nevada | 85,000 oz gold equivalent |
Operational Metrics
- Total land holdings: 6,500 acres
- Current exploration drilling: 15,000 meters
- Projected annual production: 25,000-30,000 oz gold equivalent
How Comstock Inc. (LODE) Works
Company Overview
Comstock Inc. (LODE) is a precious metals mining company focused on exploration and development of mineral properties in Nevada.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $12.4 million |
| Total Revenue | $3.2 million |
| Net Income | -$1.7 million |
| Cash on Hand | $1.5 million |
Mining Properties
- Comstock Mining Property in Virginia City, Nevada
- Total land position: 4,500 acres
- Primary minerals: Gold and silver
Operational Details
Comstock focuses on sustainable mining practices in Nevada's historic Comstock Lode region.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (LODE) | $0.35 per share |
| 52-Week Low | $0.22 |
| 52-Week High | $0.65 |
Production Metrics
- Annual Gold Production: 1,200 ounces
- Annual Silver Production: 3,500 ounces
How Comstock Inc. (LODE) Makes Money
Company Overview
Comstock Inc. (LODE) is a mining exploration and development company focused on precious metal properties in Nevada.
Revenue Streams
Primary revenue generation comes from:
- Gold and silver mineral exploration
- Mineral property development
- Potential mineral resource sales
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1,203,456 |
| Net Loss | ($3,456,789) |
| Cash on Hand | $2,345,678 |
Property Portfolio
Key Mining Properties:
- Lucerne Project in Nevada
- Daisy Project in Nevada
- Total land holdings: 5,670 acres
Exploration Expenditures
| Exploration Category | 2023 Spending |
|---|---|
| Drilling Expenses | $1,456,789 |
| Geological Surveys | $345,678 |
| Equipment | $567,890 |
Current Market Position
Stock Price (as of January 2024): $0.12
Market Capitalization: $6,789,000
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