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Benchmark Metals Inc. CYRTD


Primary Symbol: V.BNCH

Metals & Mining Industrial Metals & Minerals
Benchmark Metals Inc. is a Canada-based gold and silver company. The Company is primarily focused on the identification, acquisition, exploration and evaluation of mineral properties. The Company owns Lawyer’s Gold-Silver Project, which is located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Lawyer’s Gold-Silver Project consists of approximately three mineralized deposits that remain open for expansion. The Company’s wholly owned subsidiary is PPM Phoenix Precious Metals Corp., which primarily holds mineral interests in British Columbia.


TSXV:BNCH - Post by User

Benchmark Metals Inc. > Trading Cheap
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Post by VENManon Aug 07, 2020 12:53pm
287 Views
Post# 31379702

Trading Cheap

Trading CheapAnyone buying today is getting what should turn out to be 5 million gold ounces in the ground for $32cnd an ounce. My mapkin math is 119m common stock times $1.35per share = $160M. 
$160M divided by 5 million ounces of gold is $32cnd per ounce.
The going rate in a bull market for gold ounces in the ground is $90 per ounce. Guys like Eric Sprott have said gold in ground ounces should be $100 and could grow to $200 per ounce. Every few if any companies have ever paid that much but if gold was to go to  $3,000 an ounce then who knows. I'm no expert! All IMO! GLTA !

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