Great Bear Resources Ltd. GTBAF

RE:RE:The Grid Chris refers to is 4000 X 500 so

[Goaweigh]

It's basic math. The three variables we have not been given are width, gravity and average grade but you have to plug in something to get an answer and all of the three I've used are reasonable.
If we only have 4,000,000 Oz. contained in this massive discovery area then the grade may be too low to be economic. 
Arriving at  4,000,000 Oz. vs my 16,000,000 Oz  would mean the grade would be .25 grams which may not be economic.
We are constantly being told that the analogs here are to Malartic and Hemlo and both of those have similiar or even smaller footprints and both have grades that are higher than 1 gram so that's why I'm using 1 gram. 
We've been given information by people who we believe to be reputable so there's no reason to doubt them and slash their data by 75 %. 
The market isn't doing that so I'm certainly not going to.
In fact Hemlo was 23,000,000 Oz. and if you go to page 15 of our presentation you'll see that the bulk of the Hemlo deposit, where it's marked " Main shaft " and " A shaft " doesn't really start until it get's down to around 500 meters below surface. Now take a look at the diagram of our 5,000 meters of strike and you'll see that we start right at surface. I don't know how many times I've heard Chris say " beginning right at surface" but I've largely ignored that until just now when I took a good look at that slide.
Then the dim little light bulb in my head started glowing a bit and
" Hmmm, right at surface eh, think that might be even better "

It's only a matter of time before Chris gets the bright idea he should open up part of our land package to tourists and put up a sign on the highway " U Pick Gold ". 
Charge $ 10 per cubic meter, give them a bucket and shovel, we'd make a fortune !


 

flashcash wrote:

 

Goaweigh wrote: if it's 100 meters thick and we apply gravity of 2.5 and grams @ 1 we get 16,000,000 Oz.
Should be worth $ 30 per share +
So this is where we are heading over the next year while also stepping out looking for new zones along the remaining 15 Km's of strike, give or take.
As I mentioned long ago I'd love to see a grid of holes, maybe even at 400 meter intervals or wider, drilled vertically down to 1000 meters or deeper. 
Even one or two of those successfully hitting mineralization all the way down would really light this thing up and I wouldn't be in the least bit surprised if, now that we have bigger drills, we don't do this !
In fact I'd be surprised if they haven't done this already ! Very very surprised !

More news on Tueday maybe.



 

 

 

I doubt it's 16 Moz for the length and the depth tested at the moment, I am getting a conservative 3 to 6 Moz...majors take a BIG interest at >5 Moz ! We are going to just fine.

GLA