Chat with Gwen I am home from the Metal Investors Forum in Vancouver, where I first heard Gwen Preston the newsletter writer talk about Great Bear resources a year and a half ago. Great Bear didn't bother to present this time, or even have a booth. They may show up in February, but they are busy.
I talked to Gwen Preston briefly, at the end of the day. She offered a fact, and an opinion. I mentioned the 85 meetings in five days that Chris Taylor had in his road show recently. She told me that Great Bear has hired a person full time to deal with the majors - site visits, requests for information etc.
I asked her point blank, and repeated the question - does Great Bear get taken out in 2020? She said yes, and nodded deeply. Her opinion, FWIW is that for current investors the final chapter is coming next year. The only question is when will the market wrap it's head around the different geology along the LP fault, and how fast can they get the drills turning.
Her belief on strategy is that they will work with the 4 km they have defined. Fill in the gap, and go deeper. The market will accept the other 11 km of identical geology. Estimate will come.
Gwen cannot predict the future, but she is closer than all of us on this company, and I respect her opinion. I look forward to the 2020 takeout, hopefully at a blue sky price. As always, GLTA.