Added to YB: 2025-10-13
Pitch date: 2025-10-12
LODE [bullish]
Comstock Inc.
+7.08%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their 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
$3.53
Price Target
9.00 (+138%)
Dividend
N/A
EV/EBITDA
-5.41
P/E
-3.20
EV/Sales
178.46
Sector
Oil, Gas and Consumable Fuels
Category
value
From Gold to Green Rush: The Story of a Miner Reborn
LODE: Historic NV gold miner pivoted to solar panel recycling & biofuels. SOTP: $470M ($9/sh) vs $3.4 current = 160% upside. Part I: $80M non-core (land near hyperscaler data centers, NOL). Part II: Comstock Metals only 100% PV recycler w/ R2V3 cert, 1st 100k-ton facility 1Q26, projects $15M profit Y28 @ 30% mkt share; valued $190M (15x '28 profit). Part III: Bioleum 76% owned, recent funding at $500M-$1B valuation = $190M. Risks: dilution history, unproven profitability, execution on facility ramp.
Read full article (10 min)