TSXV:BZ - Post Discussion
Post by
Goldnboy1 on Dec 21, 2020 6:38pm
26 Hours away!!!
Tomorrow is the final day to buy Benz Mining on just the TSXv/OTC.
Tomorrow at 7:30PM Central Time. Benz Mining will officially begin trading as $BNZ.ax on the ASX trading exchange!
Why is that important?
Chair of Benz Mining is Evan Cranston. Founder of $BGL.ax. At Bellevue Gold he took a tired overlooked mine and used new electro-magnetic exploration methods. This exploration method earned $BGL.ax the title in 2019 as the lowest cost gold explorer in the world. They found gold at $14 per ounce exploration costs in 2019. Discovering over 2mil oz of gold, in such a short period of time.
Why this is impactful for Benz Mining? Benz is the project that institutional investors challenged Evan to find for them to prosper in again.
Eastmain mine ore is in everyway a clone to the Bellevue gold mine ore. When you put underground samples of the pyrrhotite sulphides together next to each other from both mines. They cannot be distinguished from each other. They are that alike, in spite of occurring in nature half way across the world from each other!
$BGL.ax has provided investors quite the gain. Early buyers were able to load up big at $0.03 a share in 2016/17. Then as the project evolved the stock hit a recent peak of $1.39 a share. Which is nearly a $1.3B market cap. A gain of 46.3x at its peak.
About a week ago. $BGL.ax saw some major outflow and selling. Despite the gold market being in turn around mode. I think that sell pressure on the $BGL.ax share price, was traders establishing cash positions in anticipation of the $BNZ.ax listing.
Given how thin the Bid/Ask is in Canada. If buy pressure is as rabid as I expect it could be. This could be a $1.50+ stock in just a week or two!
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