Comstock Mining, Inc. (NYSE MKT:LODE) Q2 2020 Earnings Conference Call - Final Transcript

Jul 28, 2020 • 11:00 am ET


Comstock Mining, Inc. (NYSE MKT:LODE) Q2 2020 Earnings Conference Call - Final Transcript


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Corrado De Gasperis

may be the first public company to adopt S-K 1300. Just to be precise, the requirement is not to have to adopt it for 2020 but to have to adopt it for 2021. We may be in a position to be the early adopter in 2020 regarding our 100%-owned Dayton Resource. Timing is kind of perfect for us. We were planning 43-101 update, but this will supplant that. It will be better -- or equal to or better but certainly better for us, and to the extent that we are prohibited -- we were prohibited, U.S. companies are prohibited from including any of those resource disclosures previously, that will change now for people following S-K 1300. So that, in my mind, will provide the highest level of disclosure, the highest value of transparency to our investors and the community.

Number 6, lastly, despite finally getting some signs of our improvement in our stock this past quarter, which we take, we're not upset about, it's still ridiculously undervalued by any measure that we can imagine. We are going to drive towards this intermediate plan of $120 million, that's over 9x where we are now, by accomplishing the prior five objectives that I just mentioned and being as clear and concise about that. We are focused. We are focused on just realizing this value based on these activities. And we look forward to filing the full 10-Q in August on time, of course, as I mentioned, as we finalize some of this derivative accounting stuff.

And I think that's it, Casey. I think I'll stop there, and we can turn to questions.