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. > Here's the thinking on GBR 2.0

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Comment by Canuck11on Dec 10, 2019 12:24am

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Post# 30438319

RE:RE:RE:RE:RE:RE:RE:RE:Here's the thinking on GBR 2.0

I went through the calculation myself a couple of weeks ago, but i used $1500 gold and the industry average of $900 production cost because we have gold close to surface (your lower profit margin I'm assuming is the Red Lake mine production at 2500 m depth).
So for every 100,000 oz mined, we see a profit of $600/oz or $60M total
$60M * 2% NSR / 50 M shares o/s yields 0.024 per share or $240 on 10K shares. So your 500K produced oz would be closing in on $1K. Of course we both know what happens when we assume!
Bottom line, those that got in under a $ and bought tens of K of shares, stand to do well.

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