Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Great Bear Resources Ltd. GTBAF

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

Comment by Ivorygullon Jul 16, 2021 7:58pm
154 Views
Post# 33564387

RE:KozmoT

RE:KozmoT
lechmeir wrote: I think my numbers are pretty subdued.

Sadly, I'm too late to retire early.  I'm not too late to retire though...



I'm in the same boat lechmeir, sixty six and hopefully counting a lot more.

Speaking of counting.......with your numbers, lets just say we had the 3 grams per ton on the 2600m, which you point out is 40Moz, and which I truly believe is possible given the high amount of over 20 grams per ton there is.

So what about we say 1.5 grams per ton over the 5km length. I think that is very conservative, which you prefer.

Doing that calculation would still make it 40Moz (I just doubled).

40,000,000 ozs x $2000 (can) = $80,000,000,000

Typically a company can get 10% of that.....(according to what I read on the web)

$80,000,000,000 x .10 = $8,000,000,000

Divide by the 61.4M shares

$8,000,000,000 / 61,400,000 = CAN$130.29 per share.

Being very conservative again, if we get 13% due to the upside of unmeasured resources, we get:

$80,000,000,000 x .13 = $10,400,000,000

Divide by the 61.4M shares

$10,400,000,000 / 61,400,000 = CAN$169.38 per share.

That's damn close to the $178.50 that I have been saying we'd get on all the other methods I have shown previously.

All in my humble opinion of course.


<< Previous
Bullboard Posts
Next >>