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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 11:31am
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Post# 30447899

RE:RE:RE:RE:Meeting...

RE:RE:RE:RE:Meeting...I think we are too. CT knows, or at least has a very good idea of just how much gold is there, he just can't come out and say it. He keeps dancing around it with comparisons to other mines and now he's giving us his best hint so far...expected mine life.

A 50-60 mine life is an easy calculation for how much gold is there, we're just missing one number of the 2 number equation: How much gold per year will the strike produce?

100koz per year? 5M oz.
200koz per year? 10M oz
I think those numbers are too low. Great Bear is too much gold that's too easy to get for those low production numbers. I think the number would be closer to 500koz a year. Malartic does 700k and Chris keeps comparing us to them.

Whatever those numbers are, a 50-60 mine life estimate is incredible.


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