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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

Great Bear Resources Ltd. > 10 Bagger + on 1.1 m ounces @10.3 gms per ton
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Post by nozzpack on Dec 09, 2021 4:30pm

10 Bagger + on 1.1 m ounces @10.3 gms per ton

GBR has been a superb performer.
Any gold miner will tell you that in a choice between ounces and grade, you always take grade.
That is because cash costs are inverse to grade.

You should check out CannaGold at $0.40 .
It has already 1,1 million ounces averaging 10.3 ounces per ton.
A major drilling program is underway and resukts todate match what is already in the bag but they are finding the same grades in step out drilling.

A PEA was done a year ago with a NOV5 of $333 million US with a cash cost that would be on the lowest decile of gold miners.
Very low float and superb management team.

You can confirm all that I have said from this corporate presentation link..

https://www.canagoldresources.com/investors/presentation/
Comment by nozzpack on Dec 10, 2021 7:50am
More info on Cannagolds ( CCM..$0.40...market cap $32 million ) New Polaris gold deposit located in elephant territory in BC Canada. With portals and adits already in place , mining can resume quickly and cheaply . New Polaris was last mined in the 1950s , producing 232,000 ounces at 11.9 gms per ounce. Already 1.1 m ounces at 10.3 gms per ton , two new veins by current drilling offer ...more