RE:RE:Quicky
2000+ Miners on the venture.
Some require actual due dilligence to find ahead of the retail herd.
I used to talk about my stock picks on SH often. But now, just a few days a month, if that. This site cant even publish every stock I own on the TSX. Its so bush league these days. Try to look up one of my other winners...COG.t. Condor Gold PLC. Volumes and price starting to pick up cant even query it on SH. Billionaire insider with a huge mining win in the past under his belt buying it huge in the UK. TSX is secondary market so thats why the low volume. But you get your fills when youre patient and reasonable from the MM. But ya no SH page for it.
Mainly Hedge funds, and internationals playing BENZ from what I know. Few canadians onto it yet. I am one of the few. Certainly only a small retail following so far.
The name is terrible, I agee. But good thing the ground doesnt know that. lol
Those behind this company, arent into it to drill some holes and dash. These investors are in it to restart the old mine. While they rapidly drill out more ounces to extend mine life and or capacity. Just make solid bank in the process! CEO's wife is an executive engineer at Kinross in charge of the billion dollar Taseko mine build. So their is connections to big $ all around Benz.
So many pre existing assets at the mine. Like the 3.3 million litre fuel farm, the 60 man all season camp, the road access and most importantly pre existing energy services.
How many micro caps own mine site assets like those? They dont, but Benz does.Cost to restart this mine. Could come in under $10,000,000. Easily payable rapidly with a gold delivery loan. Perhaps mining starting as soon as this winter or next spring!
118kt at 10.58 g/t mined from underground ops in single season of mining in 1995 for 40,250 oz. Then in 96 the price of gold crashed 33%. The project was shelved for better times. Those times are now! Still 95% of ore remaining, and no exploration under 350m on mine type that tends to go 1000m+ deep.
Don't be clumsy. Most of what I am discussing. Was known in January when the market cap was $2 million and their cash position 400k. Now they have $6 mil cash, and $11 mil market cap. But most wrote me off as spam...Errr... More like an angel in sheeps clothing. lol
Benz trend will not change for a while. Very tight, very small float till PP's trade at end of summer. I know who got into the first one. Family, friends and insiders only. Holding tightly, and many still buying what and when the can. But the $0.30 PP. No idea who owns that till this week, when the rest of us find out.
If its a noteworthy name. You never know. Could send the stock to .50s+ in June and beyond. Then never look back.
Anyways. Wont highjack the board here anymore. Like I said. One and only place, I will make a post like this. Take it or leave it.
GLTA