Added to YB: 2026-04-22
Pitch date: 2026-04-19
LODE [neutral]
Comstock Inc.
+39.74%
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. commercializes technologies, systems, and supply chains that extract, process, and convert under-utilized waste and natural resources into clean energy and clean energy supporting products in the United States.
Market Cap
$223.2M
Pitch Price
$3.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.41
P/E
-3.20
EV/Sales
178.46
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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