Comstock Mining (LODE) Anticipating Major Production and Resource Growth in 2014

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Comstock Mining (LODE) should produce close to 40k ounces of gold equivalent this year in the historic and prolific Comstock District.  LODE just announced a new lower cost $5 million revolving credit facility in order to assist with the increase in production and expansion of their Lucerne Mine.  Capital will be used to drill the east side of the Lucerne resource.  LODE's ability to exceed production guidance in 2013 and their clear growth profile has allowed them to receive more favorable financing terms. Comstock also announced recently the restructuring of debt and royalty obligations which eliminated $2 million worth of debt and royalties.  It is also important to remember that Comstock Mining recently secured over 300 acres of private land which will allow valuable growth opportunities.  The local community is widely supportive of the company as evidenced by the unanimous approval of Lyon County Board of Commissioners to approve zoning changes on certain mining claims.  LODE recently commenced a district wide plan to increase the resources and reserves.  The goal is to produce expanded mine plans that include the Lucerne, Spring Valley and Dayton Resource.  Investors should realize this is an historic district largely untouched by modern exploration programs.  There is the potential for significant growth in 2014 and beyond.  
Disclosure: Author owns LODE and company is a website sponsor.

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