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Comstock (LODE) has been added to the S&P Global BMI Index, potentially making it more visible to investors. The stock has surged 53% in the past month and 27% in the past week, but remains 15% below its previous highs. The most popular narrative suggests the stock is undervalued, with a fair value of $4.00, driven by strong revenue and EBITDA growth projections. However, delays in facility rollouts or changes to recycling regulations could impact this outlook. Another view suggests the stock is expensive compared to its net asset value, potentially signaling a risk.
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