Expert Analysis The Gold Report Interview with Je

Expert Analysis

The Gold Report Interview with Jeb Handwerger (4/1/13) "I also like Comstock Mining Inc., which is a new Nevada producer that is expected to mine 20 Koz gold this year. Very few miners have the cash flow from production to sustain low-cost growth. Comstock Mining may have that ability to continue to grow resources at a low cost with cash flow from producing properties." More >

Jeff Wright, Global Hunter (2/8/13) "Comstock Mining Inc. provided a NI 43-101 resource update, which showed a total of 3.2 Moz gold equivalent between the Lucerne mine and the Dayton project. This was in line with the company's expectations. . .we view the modest increase positively."

Jeff Wright, Global Hunter Securities (2/7/13) "Comstock Mining Inc. provided an NI 43-101 resource update, which showed a total of 3.2 Moz Au eq. between the Lucerne mine and the Dayton project. This was in line with the company's expectations and reflects an increase at the Lucerne mine of 241 Koz since the previous update in November 2011. . .we continue to rate Comstock a Speculative Buy with a $3.75 price target."

Brian Post, ROTH Capital Partners (2/5/13) "We are initiating coverage on shares of Comstock Mining Inc. with a Buy rating and $4 price target. . .we believe the company is poised to ramp production at its newly commissioned Lucerne project and develop its remaining asset portfolio in the coming years. . .we expect production rates at [the] Lucerne project can reach 20 Koz Au eq annually once current operating assets reach full capacity. . .Comstock's potential to rapidly increase its precious metal production profile, along with the opportunity to develop additional producing assets, is undervalued, in our view."

The Gold Report Interview with Mike Niehuser (2/1/13) "I visited Comstock Mining Inc.'s project near historic Virginia City, Nevada. I was there when it commenced leaching gold and later for its first pour celebration. I was floored by the progress made since I visited the same project under different management about three years earlier. From a U.S. perspective, the historic Comstock district is the origin of modern mining techniques and technology. When mining met its limits, the area was closed until it was consolidated under the prior owner. The new management team brought in an entirely new approach, establishing credibility among local stakeholders and investors.

In a short period Comstock built a several million ounce gold equivalent resource. Its goal for 2013 is to produce about 20,000 oz gold. This requires only one quarter of the operations capacity. I was most pleased on the visit to see the exploration down the valley and the potential to build a much larger resource and quadruple production in the near future. Nevada is a great place to be, from a political perspective and as a jurisdiction friendly to mining."