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Bullboard - Stock Discussion Forum 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... see more

OTCQX:GTBAF - Post Discussion

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Post by Fredo51545 on Apr 05, 2021 11:55am

GBRR.V

Royalty value implies a price of US$ 25 for the common stock. Why the discrepancy?
Comment by skiesthelimit on Apr 05, 2021 12:04pm
Maybe some streaming companies trying to pick up some shares. 450k shares traded. Quiete a bit considering there are 25 million shares outstanding. And only mid day.  
Comment by Iveybiz79 on Apr 05, 2021 2:05pm
Essentially zero risk with the royalty. Rough benchmark would be 10 percent of gbr market cap, it's actually still undervalued.
Comment by Goaweigh on Apr 05, 2021 4:34pm
Guess it depends on how many shares you use for GBR and GBRR. We must be close to 60,000,000 on GBR and 30,000,000 on GBRR So $ 930,000,000 on GBR @ 10 % = 93,000,000 by 30,000,000 shares = $ 3.10 If that's right we may actually be trading at a premium. Whatever the exact numbers are someone or some group is buying this far more aggressively than I thought would happen. I thought we might ...more  
Comment by Fredo51545 on Apr 06, 2021 11:38am
A royalty interest is only worth 2x the working interest at current gold price. Assume a cash cost of $850/oz and royalty cash flow is $1700/oz versus $850/oz to the working interest, 2x more.. If true, GBRR is implying a vale for GBR of $25-30 US. Ergo, the stock is much cheaper than the royalty. Dissenting opinions welcome.
Comment by KozmoT on Apr 06, 2021 12:17pm
I think most here would agree with you that GBR is worth at the very least $25 - 30 U.S.  I'm guessing considerably more in fact.
Comment by surething1111 on Apr 06, 2021 9:54am
Yep, Sure wish your poor cousins from south of the border had been allowed to participate in this offering. I was selfishly hoping to be able to purchase GBRR for under a buck. Dixie will most certainly become a mine, and a very profitable one at that. These royalty shares will become very valuable indeed, so hold on to them. Just remember your poor cousin to the south having told you so ...more  
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