RE:RE:RE:RE:RE:Getting close...Well I guess it depends on what one interpets as a definition of a "buyout".
Second there is a distinct difference between mineral resources and mineral reserves and approximately 1/3 of Benchmark's so called 3 million defined mineral resources are inferred not indicated. From Benchmark's own website:
1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no certainty that Mineral Resources will be converted to Mineral Reserves.
2. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
So like I intimated it depends on what one considers the definition of "buyout" versus my suggestion of "golden buyout" lol. Under your anology anything higher than the original IPO offering price could be construed as a buyout I suppose, but for me I'll take the win on the 10 bagger runnup from .17 over the declining highs since the story gets older and weaker as time passes.
Keep holding on to the pipe dreams of BNCH though, in the meantime for a real value comparision with actual reserves do some DD on Great Bear Resources, with deposits established in a region with 29 existing active mines which no no one can actually pin a true evaluation of on worth. They trade currently north of $16, have 50 million of defined Reserves in a region that has already produced 30 million oz from 29 existing mines.
Benchmark has none of these and will have none (lots of inferred though in unproven regions lol), so like I said in simple assessment almost anyone can understand on a bullboard, Benchmark overall = meh, but good luck to you on your overall declining ongoing investment, I'll enjoy the one time runnup win and a few successful prior to runnup swing trades and have fun with the buyer beware aspect here for novices going forward,cheers.