Great Bear Resources Ltd. GTBAF

Metals & Mining Gold

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.

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Great Bear Resources Ltd. > Math

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Comment by Ggallant2000on Sep 06, 2019 5:56am

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Post# 30101240

RE:RE:RE:Math

Great post!
Do you post at ceo.ca?
If not, could I post a link?

touareg wrote:
Exactly! seeking alpha man does not really understand a number of things about pricing explorers, first it is not all about some guesstimation of how many ounces they have hit so far.. it is very much about the 'potential' that drilling is demonstrating. Valuing the stock on a basis of 1.5 million is totally misleading. The company is demonstrating, with the drill, that there is clearly a lot more gold in the ground at Dixie than 1.5 mil and the potential for a heck of a lot more is very high and any guess, or even back of the envelope calc, is really no different than pulling a number out of hat.
That is why Chris keeps reiterting that he is not interested in resourse estimates.. yet.. they need to get a handle on the 'extent' of all these discoveries and no doubt hit new zones along trend in the process before it really makes any sense thinking about 'how much'.
People will keep asking that dumb question: "How much gold do we have?"
We don't have a clue!.. but we keep finding more and more and the potential gets greater and there could be ten or twenty times alpha mans dumb numbers. That is what 'speculation' is all about and this stock is all about speculation..
We don't know but it sure is looking spectacular and that could make $10 a share very very cheap.
Also wild swings is the nature of junior explorers.. they overshoot in both directions.. young dudes who fancy themselves as smart traders think they can trade them but the people that really make the serious money in this game are the wise ones who've seen it all before and know that it's all about finding the right stock, the one in a thousand that ticks all the boxes, the Great Bear of junior explorers and buy, add and hold. Nothing wrong with taking profits but if you try to trade a stock like this there is a very high probability you will fail even if you are the best trader on the planet.
Cheers!

BILLMINER wrote: Many more ozs than seeking alpha pot man mentioned . Lol. Obvious paid agenda .
They will block out a million or two ozs in the low grade material .just my opinion .