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Great Bear Resources Ltd. GTBAF

Metals & Mining Gold
Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.


OTCQX:GTBAF - Post by User

Great Bear Resources Ltd. > 2% royalty
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Comment by Yoda1955on Apr 06, 2021 7:46pm
213 Views
Post# 32946610

RE:RE:2% royalty

RE:RE:2% royaltyHate to disagree with you Lumpy.
Let's say GBR has ten million ounces then GBRR's 2% royalty is equivalent to 200,000 ounces which at US$1800 per ounce is worth $360 million or about $12 per GBRR share. But, please note my calculation does not include the time value of money which is an extremely important component of the equation especially given the fact the Dixie mine may not commenece production within the next ten years.
I currently think $3.49 per GBRR share is way on the high side.
I am a buyer at $1.50 or less.
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