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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

Post by lechmeiron Jun 25, 2021 7:50am
254 Views
Post# 33449404

Donhow

Donhow


The inflation is probably temporary. 

As an example, the price of a sheet of 7/16 OSB went to over $50 USD (from $8).  A 2x4 went to $7+ (from under $2)

We're coming out of the Covid shutdowns where mills and logging operations were closed or shortstaffed.  Trucking was in a similar state.  Add to that the Gulf Coast here ain the States got slammed repeatedly with hurricanes and storms over a couple years' time.

Other industries are dealing with similar dynamics.  Perfect storms all around us, as it were.

These ebbs and flows are complex, but consider this.  If the price of gold skyrockets, I'll make more money on this, but everything will cost more money.  If gold doesn't skyrocket, I make less, but things cost less.  That's a simple view, I know, but it's instructive in a way.

A freind of mine got a great price when he sold his home.  But he still needed another home. He had to buy back into the same overheated market he sold into.

If I time it right, I get bought out of this stock and get into the money market at about the time interest rates rise.  I'm retirement age now.  That would be perfect.

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