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  "documentTitle": "American Battery Metals Corporation / Comstock Mining Inc. (ABML / LODE)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-03-10 00:00:00",
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  "pageNumber": 37,
  "pageCount": 73,
  "prevPage": 36,
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  "notes": "The slide uses a 'villain' framing by highlighting ABML's lack of progress compared to established players.",
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      "kind": "callout",
      "text": "We believe ABML is significantly behind the competition in commercial status and technology.",
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      "kind": "quote",
      "text": "\"Presently, there are no companies in the U.S. or globally that can recover over 20 different metals from over 200 complex feeds.\" - Quote from Umicore US Senate testimony on 6/24/20:",
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      "kind": "quote",
      "text": "\"Presently, there are no companies in the U.S. or globally that can recover over 20 different metals from over 200 complex feeds.\" — Umicore US Senate testimony on 6/24/20",
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      "kind": "source-note",
      "text": "Umicore Sources: Corporate website, February 2021 investor presentation. Li-Cycle Sources: SPAC deal presentation. American Manganese Sources: Investor presentation, 10-Q QE 10/31/20 and MD&A. Redwood Materials Sources: Techcrunch, Crunchbase, Techcrunch, LinkedIn. Retriev Sources: Press release, Bloomberg, incfact profile. ABML Sources: 2019 10-K, S-1 Filed 12/21/20,",
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      "kind": "table",
      "text": "Comparison table of 6 companies across 6 metrics: Background, Employees, Business Scale, Highlights, Investors, Cash/Funding, Ent Valuation",
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      "kind": "title",
      "text": "We Believe ABML is Poorly Positioned In The Competitive Landscape; Investors Have Better Alternatives At Cheaper Valuations",
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      "evidence": "Table comparing ABML against 5 competitors across multiple operational and financial dimensions.",
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      "beatId": "e8902662-150b-4224-a3d2-0c3276dfe918",
      "arcName": "Overcoming the Monster",
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      "beatName": "The Struggle",
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      "evidence": "The deck highlights the struggles and challenges faced by ABML",
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