BENGB.ob. I have followed the stock for decades, currently own 275,000 shares at aroun .06.
At one time was 4th largest copper producer in world, along with Cyprus Amax, BHP, Asarco.
It trades at $.11, but go to www.bigcharts.com and pull up a quote for bengb for the past 20 years, you can see it has traded as high as $8.
There are 2 "wild cards' that will make this one pop:
- It inherited, free of charge, the massive KingKing copper and gold range from Echo Bay, when Echo Bay had proved it up, but did not have the money to bring it into production(again, a forfeited option). Effectively Benguet has a lot more ore/share going into this bull market than last.
- The Philipino Peso, like the South African Rand, has totally collapsed, meaning mining at Benguet will be done cheap in Peso, and sold in more valuable $US, which is what has made DROOY move like it has due to Rand collapse.
