Movers and SHAKERS
Comstock Mining (LODE)
First Mercury Remediation System is Up and Running in the Philippines
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.
First mercury remediation system operational in the Philippines. Comstock’s Clean Mercury Remediation Technologies (CMRT) joint venture with Mercury Clean Up LLC put the first commercial mercury remediation system into operation last week in Davao D’ Oro, Philippines. The unit has been deployed to recover and safely dispose of mercury from the Naboc River, along with recovering gold. According to Comstock management, the Head of the Philippine Department of Environment and Natural Resources (DENR), the country’s leading environmental regulator, stated that the Naboc River clean-up, if successful, could serve as a blueprint for treating other mercury contaminated areas in the country.
A significant growth opportunity. The mercury remediation system, operating at up to 150 tons per hour, is the first of several planned in the region. Each system, well-suited for remote deployment, remediates mercury while extracting by-products, including gold, cleaned sand, soil and gravel for commercial use. The company plans to deploy another system this year and several additional systems ...
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*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.