Benton Resources (TSXV: BEX) owns 4.2 million shares of Quadro Resources (TSXV: QRO), which just hit a new all-time high this morning of $0.22 per share... because QRO is getting ready to begin exploring its Staghorn Gold Project. BEX owns royalties ranging from 0.50% up to 1.50% covering QRO's Staghorn Gold Project.
BEX's QRO shares are now worth $924,000 and we estimate that BEX's royalties covering the Staghorn Gold Project are currently worth $895,000 or 10% of QRO's enterprise value! Right now, BEX is receiving ZERO VALUE for its QRO shares and Staghorn royalty!
BEX's cash position, Clean Air Metals (TSXV: AIR) shares, and royalty in AIR's Thunder Bay North/Escape Lake alone values BEX at $0.134 per share! We see zero downside risk for BEX because it MUST rise by 34% immediately just to begin receiving any value at all for its QRO shares and royalty!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 1.14 million shares of BEX in the open market. He intends to sell in the future for a profit but could also add additional shares at any time. This message is meant for informational and educational purposes only and does not provide investment advice.