Comstock Mining ( LODE ) just released promising Q2 results for the fiscal quarter ended June 30, 2017. These results and the accompanying information provided in the conference call should give investors plenty of reasons to consider initiating a long position in Comstock Mining. Declining operational costs and Nevadan infrastructural progress underscore the attractiveness of Comstock Mining. The presence of two potential near-term catalysts for the share price should convince investors to make a prompt decision on whether to take a position in Comstock Mining.
Introduction
On July 20th, 2017 Alpha Stocks published an article title 'Comstock Mining: Poised to Pop' in which they set out the basic premises behind taking a long position in Comstock Mining. In short, we argued that Comstock Mining is a promising candidate for long term investment based on its promising metallurgical results, its location in an attractive mining jurisdiction, and its valuable non-mining properties.
On June 26th, 2017 the company reported that it had made an early payment on its debt service and announced that,
the Company plans to pay off the Debenture from the monetization of its non-mining properties positioned on Highway 50
The Comstock Industrial site is strategically located near major highways and an airport. Furthermore, Comstock Mining recently announced that it had received the Nevada Certified Site designation which,
serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses.
In sum, Comstock Mining has concrete plans to address its debt through the sale of valuable non-mining properties. These plans add to the company's long-term value as a mining company poised to begin large scale development and production of lucrative minerals.
Above is a partial reprint of an Alpha Stock Report on LODE . Mining News Reporter placed a $0.46 target price on these shares based upon technical factors including retracing and testing its 52 week high reached on Aug 4 2017 .
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