The following interview of Corrado De Gasperis, President, CEO & Director of Comstock Mining Inc (NYSEMKT:LODE) was conducted by phone and email in the week ended September 18. The views, opinions and reported facts are entirely those of Corrado De Gasperis. The interviewer, Peter Epstein, CFA, MBA of http://EpsteinResearch.com believes that the material herein is accurate, but can make no assurances. For further information about the investment opportunity in Comstock’s stock, please contact Peter Epstein, email@example.com.
I will start with the obligatory question, can you please tell readers about Comstock Mining?
Comstock Mining Inc (NYSEMKT:LODE) has accumulated an unprecedented, ten square mile land position, consolidating an historic, world-class gold and silver district. We rezoned the property, identified millions of NI 43-101 compliant ounces of gold & silver, permitted and built facilities with substantial capacity, and placed our first low-cost mine into production. We are drilling in our Lucerne and Dayton Resource Areas with the objective of developing two new mines in Nevada and generating strong cash flow growth in one of the best mining jurisdictions in the world. [Note: Comstock’s recently enhanced website provides a wealth of information].
News of the Company’s rejuvenated capital structure was a hit, sending the stock up 58% on 15x average daily trading volume. Why is this transaction so important?
This is truly a watershed moment, opening the new Comstock Mining to a greater universe of investors. Our new capital structure eliminated all preferred stock, making it much cleaner and simpler. We now have common shares, cash and a modest amount of debt. We continue to enjoy a very high quality institutional shareholder base and have strengthened our Board’s independence.