Comstock Metals' was recently discussed in an interview with Brien Lundin, editor of Gold Newsletter, and The Gold Report (June 12, 2013). To read the full interview, please clickhere or see below for an extract from the interview.
The Gold Report: You also watch companies in the Yukon. The latest Yukon gold rush, which started in 2009, brought high expectations that haven't been fulfilled. Can you give us an update? Are there some exploration opportunities that have stood the test of time?
Brien Lundin: When the Yukon erupted with Underworld Resources Inc.'s Golden Saddle discovery, Gold Newsletter was the only publication to recommend Underworld, and we did it before that discovery. It turned out to be a very profitable experience for our readers. Along with a couple of other projects, Golden Saddle really ignited a gold rush in the Yukon.
Along the way, there were some speed bumps. People didn't realize how long it takes to develop prospects and get them to drill-ready status. In that environment, the shortened drill season affects project speed—you can only explore one season a year. As a result, development has taken longer, and it is much more difficult than people had imagined. When you combine the slow project progress
in the Yukon with the correction in the junior market, the net result is that some companies that have already made discoveries are selling for fractions of what their ultimate worth will be.