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Benchmark Metals Inc. V.BNCH

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

Comment by roberto146on Jul 25, 2023 9:36pm
169 Views
Post# 35556993

RE:How low will it go ?

RE:How low will it go ? "We are back down to mar 2020 levels ..."

Massive dilution despite added value from drilling etc - from 30-40MM shares to about 250MM in 3+ years. 2020 market cap was about $8MM, now about $60MM, but the share price still 25 cents. They used to call it share inflation in the old days.
In between there were a couple of runs to 1.50+ but lots of new shares issued.
Theoretically, after consolidation to 100MM shares price could be what? - .90-1.00? with value of TAU incorporated. Of course, after the consolidation we'll have a little under 40% of the share count we currently own. Every 2600 BNCH gets you 1000 of new-TAU. I rounded up my holdings by a factor of 1.3 so as not end up with funny numbers, like if you have 10,000 BNCH after consolidation you'd have 3,846 of the new-TAU.
Anyway, both are drilling now so let's hope for good results.
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