OTCQX:GTBAF - Post by User
Comment by
captainpooby1on Oct 16, 2019 10:30am
201 Views
Post# 30235901
RE:RE:Gwen Preston's view of Great Bear's potential
RE:RE:Gwen Preston's view of Great Bear's potentialNobody is going to pay 400 an ounce for gold in the ground, especially an undefined resource. More like 150... 250 on a great day. Having said that, GP says and I agree, there are 10M oz just in what’s drilled now and even at 150 an ounce, that’s about 30 bucks a share. At 250 an oz, that’s 50 bucks a share.
if they fault has the same gold all along it, it could be as much as 60M oz. That is unlikely, but if it were true, that would mean 180 dollars a share at 150 bucks an oz, in the ground.
I think reality is somewhere north of 10M oz. Probably far north of 10M oz. It has to be if we are at 10M now because we know there is at least SOME more gold there. Probably a lot.
If I was going to take this company over, I’d want to do it before the numbers get too big. Even though this isn’t an officially “proven” resource, there is enough real data to arrive at some real numbers and those numbers are incredible.