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. > Meeting...

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Comment by captainpooby1on Dec 12, 2019 10:45am

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Post# 30447606

RE:RE:Meeting...

This is huge news. Monumental in fact.

Most important points:

CT would not take a $15 share offer.
CT aims to prove a 50-60 mine life.

Reading between those lines....

A 50 year mine life @ 500,000 oz / year is 25M oz.
Every 10M oz of gold, at $100/oz in ground value = approx $20 share value. 25M oz = $50 share price.