The Comstock is rich in what matters most: friendships, community co-operation and love and respect for our neighbors.
Comstock Mining Inc. (CMI) has never been a friend, has never shown respect for its neighbors. CMI is an intruder, a self-serving braggart, conniver and bully that seeks to impose outrageously disruptive heavy industry on our peaceful towns over the vehement resistance of the local people.
CMI has never earned our communities’ consent. Instead it has wooed the County Commissioners in Lyon and Storey Counties to ignore the local residents in favor of the mining industry’s golden promises.
Clandestine meetings with some Lyon County Commissioners and the Commissioners’ subsequent votes hare resulted in two Supreme Court cases now pending. In Storey County the County Manager in a public meeting announced Storey County would not enforce the company’s long-standing Special Use Permit so that CMI could run haul trucks on the public highway. Ore trucks on the road we all use every day!
Over the years — work on the Lucerne Pit began in 2010 — the landscape above Devil’s Gate was ripped away and the pit dug deeper and deeper — until the fragile east wall collapsed and the highway fell into the pit. After spending $200,000,000 of investors’ money the company still hadn’t made a profit. In September 2012 CMI share price was $3.27; the stock opened this morning at 16 cents and falling.
CMI has failed utterly. Its golden promises have proven empty, its pretenses and posturings recognized for what they are. Yet it clings precariously to life as it peddles the properties it was buying up as the stock was going down.
CMI will hold its annual stockholders’ meeting at the Gold Hill Hotel (on the market for $1.4 million) on June 1st, 2017. CRA will hold a spring rally and Open House at Maynard Station to plan a celebration for the day that CMI finally goes toes-up.
May 31, 2017