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Great Bear Resources Ltd. GTBDF


Primary Symbol: GTBAF

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

Comment by Goaweighon Feb 26, 2020 11:36am
102 Views
Post# 30735721

RE:RE:RE:Ouch. Profit takers

RE:RE:RE:Ouch. Profit takersI wouldn't risk a single penny in a producer, not one. Producers only rise in sympathy with the underlying metal but they fall for a variety of reasons that reoccur all the time in the mining business because it's the shittiest business on the planet.
Grade control, shortfalls in production due to strikes, machinery breakdowns, political risk, it goes on and on and on. Oh and then you get the plain old BS like Rubicon ( the last 3 letters of it's name tells you everything ) The risk reward just isn't there. Look at GUY today and the 3 year chart or PVG ( Up and down like a YoYo and somethings going to hit the fan there, only a matter of time)
Barrick, Kinross, Freeport, the list of major mining Co.'s that have screwed something up, or have been screwed by events beyond their control is as long as your arm.
They are all land mines !
You want to make money look for juniors that have the potential to deliver 10 baggers and you look at nothing else. Buy the ones AFTER they deliver you a hole, don't try to guess which junior out of 2,000 is going to be the one to deliver, you'll be wrong 1999 times out of 2000 ! Great weigh to go broke.
Try to find Co.'s that give you more than one shot, if possible.
AZM comes to mind and they produce assays that even an idiot like me can understand !

Good luck whatever you do.







Chad005 wrote: I sold some GBR on Monday myself before the big drop.  I'm not short on GBR I just wanted a bit more cash on hand in case one of my stocks went on sale.  You can't buy if you don't have cash.

I can't tell why everyone else sold, but I still kept 80% of my shares and I'm still long on GBR.

If you already know enough to invest in gold, you should be confident you are invested in gold vs TESLA at this point.  I can't imagine how many people out there that are close to retirment that are freaking out right now.

The main question I have right now is what gold to buy?  What ratio of producers vs developers and explorers.

Will producers lead the next leg up, or will some M&A happen right away and will the juniors jump?  Either way I expect GBR to do well in March and April before the NSR spin out.

I'm curious to know what ratio everyone has for juniors in their portfolio.




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