Great Bear Resources Ltd. GTBAF

Red Lake Sale by Newmont

[DEXTERBOY]

Let them sell their position! Why would it affect us, we don't have a Red Lake type of deposit. 

It is clear we are dealing with something completely unique to the area. The amount of gold discovered in Red Lake has been very good for many but the GBR proerty has found this fault that apperars to only lie in their massive land package that is turning out to be distrcit, yes a district which means the land would normally be divided into many companies not one, all of which bringing their million plus ounces. AGAIN THIS IS ALL GBR'S and no one elses. Only 50,000,000 shares structures too. Thats nuts!

Also the formation where the gold lies seems to be of a different type of rock that is not found in abundance anywhere else around it.

The BTU LAND to the south in my opinion would be of the normal Red Lake type of deposit which isnt a bad thing but again this could be  the type of land that Newmont is trying to sell. The fault seems to be well to the North of BTU. The fault also seems to have the good gold on the North side of the fault which runs east and west. 

To the west is rgld among others but it looks like the fault may run out...possibly, so RGLD MAY HAVE TO DRILL TO FIND OUT as GBR will continue to drill much more to the East.

Again this may turn turn out to be a specifically located anamoly that resides only in the GBR land package.

I have pieces of the other plays but chose to take my shot mainly with GBR as they SEEM TO HAVE IT even though it is considered expensive by a lot of people. Heck 1000 shares costs about 9000.00 vs 50,000 shares for a Btu type of stock for the same purchase amount. But I look at ist this way, are the chances of GBR going to 50.00 a share or Btu going to 1.00 a share more likely? I choose the 50.00 shot more likely, heck 20.00 to 30.00 is just fine too. 

If the discovery turns out to be millions of ounces as it appears to be it won't matter if Newmont sells, actually it will only make them look real stupid....who knows this could even be a ploy by Newmont to cover their mistake up in the first place. They still could be a suitor!