Added to YB: 2026-04-22
Pitch date: 2026-04-19
LODE [neutral]
Comstock Inc.
-1.92%
current return
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
Comstock Inc. engages in the systemic decarbonization business in Nevada and internationally. The company operates through five segments: Fuels, Metals, Mining, Strategic Investments, and Corporate Services.
Market Cap
$242.1M
Pitch Price
$3.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.40
P/E
-2.67
EV/Sales
159.08
Sector
Oil, Gas and Consumable Fuels
Category
growth
Full Portfolio Breakdown - Comstock Inc.
LODE (holding update): Solar recycling co w/ >10x upside + 1.5x MC downside protection via non-core asset sales. Market growing 10x by 2030 as panels hit end-of-life. Only 100% waste-free recycler. 6 facilities planned; 1st opens Q2. Mgmt est $75M FCF/facility ($450M total vs $230M MC). Conservative case: $20M FCF/facility at 50% util, 2x costs. CapEx $12-15M/facility. Holds majority in Bioleum ($500M biofuel venture, potential IPO). $56M cash, CEO says dilution over.
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