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  "docSlug": "0dd3bb0497df",
  "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": 56,
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  "density": "dense",
  "nDataPoints": 18,
  "notes": "Includes a snippet of a property and equipment table from financial filings to support the 'two assets' argument.",
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      "kind": "callout",
      "text": "In an absolute best case scenario... we believe ABML is worth less than $1.00/share.",
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      "kind": "callout",
      "text": "Given our distrust of management... we believe a downside price target of $0 is a very real possibility.",
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      "kind": "callout",
      "text": "In an absolute best case scenario in which ABML successfully builds and ramps its facility, secures adequate battery supply to operate at full capacity, and finds customers willing to purchase material at ABML’s estimated prices, and assuming ABML should trade in-line with a mix of battery value chain and recycling players, we believe ABML is worth less than $1.00/share.",
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      "text": "Implied Stock Price: $0.84",
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      "kind": "paragraph",
      "text": "Rarely have we seen a business so fraught with risk and a management team and business plan that inspires so little confidence. We believe ABML's current valuation is completely nonsensical.",
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      "text": "ABML Best Case Valuation table",
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      "kind": "title",
      "text": "We See 55% to 100% Downside Risk in ABML",
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