RE:Pay attention ;) GBRs ULTRA high grade samples are recheckedIn the meantime we have to console ourselves with some of the exploration successes the market has been giving us. The best of these has been Great Bear Resources (Vancouver: GBR) which recently reached heights as much as 28 times our entry level. However, the shares have trended lower over the last few weeks as investors struggled to understand the new bulk-tonnage, lower-grade model for the Dixie project, and as large shareholder McEwen Mining reportedly cashed in its rich gains by selling out its position in the stock. The company recently announced the proposed creation of a 2% net smelter return royalty on any future production on the Dixie property, which would be spun out into a new company to be distributed to shareholders. To understand the genius behind this idea, we must remember that Great Bears management and board are shareholders themselves and big ones. They obviously believe that the potential deposit their drills are now outlining will be very profitable to whomever eventually owns and develops it (which wont be them, by the way). Further, they know that other big, rich, world-class deposits typically have royalties of around 2% that are paid to previous property owners, and that these represent little burden to the projects economics. Conveniently, Great Bears Dixie project has no underlying royalties. So why not create one that will pay the shareholders for many years down the road, after the project is sold to a big producer? Conveniently and appropriately, the management teams interests as fellow shareholders are aligned with ours, and this strategy will benefit everyone. As a bonus, it also disincentivizes selling by current shareholders, since by doing so theyll forfeit their interests in the underlying royalties. I view this as brilliant. I love the strategy, but the market wasnt as impressed. Still, this is great news as far as Im concerned, as a long-term shareholder. And I still expect some boomer drill results in the days ahead, as even the supposedly lower-grade LP Fault has demonstrated that it can produce some exceptionally high-grade intersections. Its important to note that the ultra-high-grade results that Dixie has so far provided required check-assays to confirm, and these led to delays in reporting. So while we may seem a bit overdue for news from Great Bear, this may actually be an encouraging sign. In expectation of better days ahead on the exploration front, Great Bear remains a buy