Benchmark Metals Inc. V.BNCH

Getting close...

[rockport1]

My technicals suggest we are pretty close to the end of this round of selling. I was lucky because they gave me a sell over $1.50 in the last run, which I followed as I was looking for funds for another play.  The hope was to get back in after the anticipated correction.

This has fallen further then expected, so I'm happy to buy back in at this range. Not much downside risk left from here IMO. While I was out of the stock, I did another review to re-confirm it is worth buying. Looks like a seriously undervalued play. Now, what do I sell to find some funds? Hmmm..

[GuidoSan1]

Please explain in detail how you arrived at this company having a "seriously undervalued play"? They own some rocks and dirt and some core sampling. They produce nothing never will as it costs tens of millions to actually set up the infrastructure to be an actual gold or precious metals producer. So they hope to be a buyout candidate at some juncture in the future IMO, sure that's

[rockport1]

Hey Guido, you are correct, Benchmark produces nothing.  You are probably in error when you say it will take tens of millions to actually set up the infrastructure to be an actual gold or precious metals producer. I would estimate that is likely in the hundreds of millions, not tens of millions of dollars. Not sure, but you sound as though you are a "newbie" in the junior mining

[Homerunhitter99]

That was nice of you to take the time to respond.  He's seems very negative, ie, already short. RSI is hovering around 30 Infaltion rate yoy 5%. These piles of rocks are looking very attractive to me. Cheers

[GuidoSan1]

Rock, nice opinion and appreciate the reply, no interest in the metrics of the junior mining space only the technicals of most investments over story. Storywas  presented and sold hence the 10 bagger for those lucky enough to have participated. Spoke with a numbers man I associate with that (financial fundamentals only) knows the sector in detail and it's actually 1 in every 6 or 7

[rockport1]

I think your numbers guy is probably off.  Even myself, over the years I have owned 10-12 juniors that were bought out. Even had one swallowed up for shares, then that company was also bought out!  So either I am incredibly lucky, or your numbers guy is a little too pessimistic.  Even if it is 1 to 6 or 7 thousand, if you do your homework, you can alter those numbers drastically.&

[GuidoSan1]

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

[GuidoSan1]

PS here's that link to the Benchmark sight, for those that want to read and actually digest the reality of what it might really mean they have so far and what it will actually take to confirm it as viable at all going forward, cheers. Benchmark Delivers 2.1 Million Ounces of 1.62 G/T AuEq Indicated and 821,000 Ounces of 1.57 G/T AuEq Inferred For Its Initial Mineral Resource Estimate

[rockport1]

Actually, I don't have any pipe dreams for BNCH. Just another vehicle for me to make some cash.  Currently not holding any shares, although I expect to re-enter before the end of the week.  As I have indicated, this level here looks very profitable for a six month or longer speculation. Good luck with your GBR; I missed the boat on that one, although I have many other Golden

[GuidoSan1]

Agreed thx for your honesty  and reply Rock, I have none also  but only .65-.75 might get me to actually bite again, although the usual $1 mark +/- in this case (round numbers) does present merits for a profitable swing trade. I compared financials of GBR to BNCH for an adjusted correlation to get a buyout worth as of today and the numbers I get if it were to happen today is somewhere

[666999]

If you look at chart it repeats itself, double top and again retreat, with things progressing in companies support is going up, with BNCH 0.10-0.15, chart shows support at 1.10 so I think that low is in and this is new support I dont have shares, but its interesting play, Mkt cap is not big, 100.000 M of drilling is huge so this is big + Fun begins at 5M AU oz, think BNCH can get there, grade