Great Bear Resources Ltd. GTBAF

Metals & Mining Gold

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.

OTCQX:GTBAF - Post by User

Great Bear Resources Ltd. > A 4-beer resource estimate on LP Fault

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Comment by captainpoobyon Nov 24, 2019 6:41am

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Post# 30386626

RE:RE:A 4-beer resource estimate on LP Fault

45$/oz and 1450/oz are not correct. For in situ gold, in this type of deposit with this type of infrastructure and the ease of recovery, a more proper number is somewhere between 100 and $200/oz.

Here’s a different calculation. CT compared it to another project, Malartic I believe, that sold for 3.5 billion dollars.

3,500,000,000/50,000,000 = $70 share.

cash me outside how bow dat?

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