Great Bear Resources Ltd. GTBDF

RE:Early days still

[lccommoner]

Early days still - YES!  This is a very large footprint (18km of LP fault alone; NR 2 Sept.). "We plan  to have drilled along most of the LP structure by this time next year, and, already funded for this work."

It is suspected that ~$18M cash + ~$10M in the money would leave ~$20M for drilling through summer 2020. Let's use $20M for drilling at $175/m. This equates to ~114,285 meters. Whether there will be enough meters drilled on such a large footprint to get a RE is unknown. Suspect the initial RE in 2021 a earliest. If next year at this time they decide to do more drilling before cutoff for RE, hopefully they can finance at $15-$20/share. Two million share financing at $20/share = $40M. That would be a lot more meters at this very low share dilution

The point of this post is,as previously mentioned, the project is still in early days. I believe we will have to be patient, even if it takes another 3-4 years. The previous nine years of work and research are paying off. Mr. Taylor and team have done an outstanding job, IMO, of keeping the CSO low. I am a retail investor just like you. Rarely do you find investment projects of this nature with ALL the variables working/coming together.

Best to all in your money decisions.