Great Bear Resources Ltd. GTBDF

RE:RE:RE:Gwen Preston's view of Great Bear's potential

[touareg]

I believe $400 an oz is a fair number for this particular situation.. we have to remember this is not some remote mountain range in Alaska hundreds of miles from infrastructure.. it isn't in Africa in a politically unstable country.. It is, as CT keeps reminding us, a couple of Ks from the highway and power lines, 20 minutes drive from Red Lake Central.. basically it could not be in a better place on the planet in terms of infrastructure and political stability. AND the gold at LImb / Hinge and the LP is near surface.. From the point of view of a Major looking for their next mine, or rather mining district, it's a CEO's wet dream. I forget all the numbers of other buyouts but I do remember some have been higher simply based on potential and in 17 years of looking at gold discoveries I have not seen more compelling potential ever.

captainpooby1 wrote: Nobody 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.