Great Bear Resources Ltd. GTBAF

RE:RE:RE:Yesterday

[Winwarrior]

Good post Touareg,


I suspect what befuddles many is that even though we started the week with a market cap above $100 million . . . .  at this moment in time what that is based mostlly on is:

1) $15 million cash in the bank

2) $5 million in possible more money assuming warrants are exercised

3) A few cells phones and maybe some light tools . . . everything else is likely leased or rented

So about $20 million in cash and stuff . . . . that is worth $0.70 or so per share

4) The potential of discovering some Unicorns on one of our properties . . . it is believed a few might be wandering around . . . . that is worth $0.50 or so per share

5) Excellent drill results so far suggesting a possible near surface high grade deposit might exist . . .  that is worth $1.50 or so per share

6) Some other properties that could also have potential . . .  that is worth $0.70 or so per share

Week progresses and perhaps because a lot of discussion has centered around . . .  but is there any depth to this . . . and worries set in . . . and while a near surface high grade ore body is highly desirable without depth it just might not have the legs needed to get to 1 million ounces plus . . . . discount $1.50 to $1.00 and wait for more results

So $2.50 - $2.90 range now until more news and if some of that news happens to demonstrate depth . . . . double on the Unicorns and ore body . . . . that makes this then $4.50 - $5.25

 . . . .  and now you know the rest of the story :)