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Great Bear Resources Ltd. GTBDF


Primary Symbol: 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 Goaweighon Dec 10, 2020 1:01pm
194 Views
Post# 32077617

RE:Great Bear: Canaccord Model Is Based On 4Moz Resource

RE:Great Bear: Canaccord Model Is Based On 4Moz ResourceI would love to know where on the LP this model is taken from and the dimensions he's using. 
This is an " initial applied resource " and must have been modeled on a relatively small area most likely where we have the greatest number of holes. 
Gee Wiz, this guy has just done exactly what I'm suggesting we do and he's come up with a preliminary price target of $ 23.50 or $ 1.2 Billion market cap. That's about 50 % higher than we are right now.
So why don't we prove him right by releasing data on this one area of the LP, maybe the same 10 % of the LP where we've got the most drilling density and in that way meet his " initial applied resource " but at the same time make it abundently clear that this only covers 10 % or maybe 15 % of the LP and it doesn't include the H&L zones. 
We are trying to get to $ 50 but we are on a ladder where every rung represents $ 1.00 and we are now on rung $ 16.00 and we can't climb by $ 5 rungs at a time by putting out nice assays so we need to do more and maybe that means meeting analysts expectations. 
If we do that then we can justify being on rung $ 23 and then we meet the next target by proving up 8,000,000 Oz. and we'll climb to rung $ 35 or whatever.
We probably have enough data in some areas of the LP already or very close to enough anyway.
Seems like a more logical way of building value than waiting for another year to come out with a # and hope we've met the markets expectations. 
Of course the concern on managements part may well be that if we show off too much of our models legs too early a major may come in a try to kidnap her so maybe covering her from head to toe in a burlap sack and then doing the big reveal later is the better way to.
But I have faith in the market, show it something of real value and it will respond accordingly and no one is going to steal this asset away from us if shareholders are convinced it has plenty of more upside, and majors aren't going to let an asset go too cheaply either, they'll battle each other to get the best assets and everyone needs a Dixie.




JLUTZ1 wrote:
Yesterday, Great Bear Resources reported results from its ongoing exploration program at their flagship Dixie Project. Canaccord’s analyst Kevin MacKenzie has a C$23.50 12-month price target and a speculative buy rating on the company, saying, “our integrated valuation of the Dixie project is centered on a modeled 15,000tpd operation with an initial applied resource/exploration target of 4.0Moz (2.5Moz OP & 1.5Moz UG).”


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