I was laughed out of this room for on a few occasions suggesting the 2020 ROI of WM, would not exceed the 2020 ROI of BZ.
So to recap. This was in the 0.07-0.15 range for Benz that I suggested this.
You guys have your pullback Friday to get in. Benz touched $0.73 this past week
BZ - $0.60 (YTD ROI +700%)
WM - $1.07 (YTD ROI +18%)
For those of you who like me read the technical reports. You would have realized. Benz doesn't have a 385koz deposit. Their estimate is from 04. It only contains 242/538 holes drilled.
Due to Ni-43-101 requirement. The historic Placer Dome holes are not included. The Placer Dome holes targeted the highest grade volumes historically. They were the best holes. Yes. Benz is doing historic data compilation. As per recent news comments.
Grade capping was also used in the estimate. So it is very, very conservative. At times results were 25x+ the grade cap.
For the Placer Dome holes to count. The zones must be confirmation drilled. 80% of that drilling Eastmain completed prior to Benz acquisition.
Do the math. Once Benz finishes confirmation drilling. They can encompass the best holes and do so with reduced capping and lower cutoff. The estimate will shoot to 1.25-1.5 Million high grade ounces with ease. Maybe higher depending on the drill bit!
In early 2021. Benz will put out a new PEA. Great chance it's based on nearly 600 holes drilled. That means. It will be a measured, indicated and inferred (M+I+I) estimate. Up from I+I. A big technical change.
Stocks with very large leaps in technical reporting. Tend to move just as materially share price wise in those moments.
Remember this mine has all season road access, is powered, and permitted. It can be advanced very rapidly.
Eastmain is the same mine type as Bellevue or Homestake. This means not only does it have a chance to be huge. It is also incredibly responsive to VTEM and BHEM testing, none of which has been done for 20-40 years.
Some massive evaluations for mines of this type! Go cross reference those two mines and there history. You won't regret it.
Im a pure blood retail like the rest of you. Not a spammer. I dd'd WM at 0.06 and thought it was too good to be true. So I walked to another investment. Regret it big time. Only reason I chime in here from time to time. Smart minds around these parts.
But anyways. Now you guys know. Why I've loved Benz from the bottom. This info has always existed in the technical report. For those astute enough to look. Big backers coming!
Dont miss the next leg! She's coming soon!!