Great Bear Resources Ltd. GTBAF

RE:RE:RE:RE:RE:RE:Chat with Gwen

[Goaweigh]

If we came out with a maiden resourse that included the two Blobs and there wasn't another single hit beyond those two blobs then an offer of 10 % of the insitu resourse might be reasonable but if we had multiple hits running up and down the fault confirming that the geology was similiar if not identical then I belive we would get an offer significantly higher.
I've looked at a multitude of takeovers to see how they were valued and virtually all of them were at huge premiums to what you would expect based on the resourse that each Co. had outlined at the time the offer came in.
What this implies to me is that the majors waited until it was obvious that each junior had outlined at least some quantifiable resourse which gave the Major enough comfort to defend the takeover to it's shareholders and once that comfort level was achieved they jumped in with offers. As I've mentioned before most of those offers were much higher than you would expect based on the declared resourse so the blue sky potential played a major part in each one.
I can't remember all the deals I looked at but Fronteer was one I think, Arequipa, 
Aurelian, a bunch and they were all taken out at significant premiums to the resourse they had declared and and all of them had a significant land position if I remember correctly.
This is why I believe Chris has been a bit reluctant to declare a resourse too early but maybe he feels that the blobs are so large that we don't have to worry too much about really low ball offers anymore ! .
A theory anyway !
 

allenbow wrote: Ok. LOL. You have a sense of humor and  I see your point now.  I'll go with 1.5 B as the eventual buy out accepted bid. If this is what CT and others think it is, then that is $34 a share give or take, in rounding - and depending on the drill at the extremes and the in between blobs, maybe more but maybe less. Anyone holding from the early days will be salivating even in the mid teens where I think the first bid will be - then we see who's really interested. All depends on the drill. But the feel is a major, generational, district size discovery .. Exciting times!